FRANCE/ITALY: Lactalis launches full takeover bid for Parmalat
Lactalis, the French dairy giant, has upped the ante in the battle for Italian rival Paramlat with the announcement this morning (26 April) of a takeover bid for the entire business.
Lactalis ups ante on Parmalat
ITALY: Court backs delay of Parmalat AGM in face of Lactalis bid
An Italian court has backed Parmalat's plan to delay a shareholder meeting that would likely have seen France's Lactalis assume a greater role in the management of the Italian dairy firm.
In the spotlight: Lactalis interest returns Parmalat to headlines
In 2003, Parmalat grabbed Europe's business headlines after collapsing with a EUR14bn hole in its accounts. It was the continent's biggest bankruptcy. Now, following Lactalis's investment in the business, the Italian dairy giant is once again in the news.
ITALY: Lactalis increases Parmalat stake
Lactalis today (22 March) announced it has entered an agreement to buy a further 15.3% stake in Italian dairy and food manufacturer Parmalat, increasing its shareholding to 29%.
