Italian dairy group Parmalat has announced that its subsidiary Boschi Luigi & Figli has completed the sale of its Portuguese tomato production subsidiaries Italagro (Industria da Transformaçao de Productos Alimentares) and FIT (Fomento da Industria do Tomate) to Holding de Industria Transformadora do Tomate (HIT).

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On completion of the deal, Boschi Luigi received EUR4.94m (US$6.72m), the first installment of the sale price.


Italagro recorded net consolidated revenues in 2006 of around EUR19m, while FIT generated sales in 2006 of approximately EUR15m.


No further financial details were disclosed.

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