Rome

Parmalat withdraws balance sheet after milk-company ruling

Centrale del Latte shares assigned to City of Rome

Parmalat withdraws balance sheet after milk-company ruling

Rome, April 22 - Parmalat's board on Monday withdrew its 2012 balance sheet after a court decided to assign its controlling stake in the Centrale del Latte di Roma milk company back to the city of Rome. In the 1990s the capital's local government sold its stake in the Centrale del Latte to food conglomerate Cirio, which sold it on to Parmalat, but before the end of a five-year ban on a resale. Parmalat said in a statement that it considered the court ruling "mistaken" and was confident it would reversed on appeal. The company said the 75% stake it held in the Centrale del Latte di Roma was given a value of 95.1 million euros as an asset in its 2012 balance sheet.

Lascia il tuo commento

Condividi le tue opinioni su Gazzetta del Sud online

Caratteri rimanenti: 400

Le altre notizie

i più letti di oggi