Italian dairy group Parmalat has agreed to sell its Boschi Luigi & Figli business in a deal worth almost EUR30.2m (US$40.6m).

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The company said today (21 May) that it has struck a deal with local fruit and vegetable group Consorzio Interregionale Ortofrutticolo (CIO).


Boschi is a business that produces a range of tomato-based products, fruit juices and tea-based beverages.


The sale is the latest of a series of disposals at Parmalat. Last week, the company said it had sold businesses in Spain and Portugal.


Parmalat has embarked on a restructuring programme following its financial collapse in 2003. It has sold its stake in a number of Australian and European businesses.

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