Italian dairy giant Parmalat has drafted in a team of independent experts for the second time to assess “the overall process” followed by its board in regard to the acquisition of Lactalis American Group (LAG).
The civil investigation into Parmalat’s May 2012 $904m intra-group acquisition of Lactalis American Group (LAG) has appointed a special commissioner to oversee an audit calculating a final price for the disputed deal.
Parmalat has moved to dispel concerns about the legality of its intra-group acquisition of Lactalis American Group (LAG) by revealing better than expected financial results that “confirm the profitability” of the business.
Parmalat is confident of a positive outcome in the civil hearing into its acquisition of Lactalis American Group (LAG) – despite yesterday’s request by prosecutors to remove the company’s board to enable the annulment of the deal.
The Italian headquarters of Parmalat and its owner, French dairy giant Lactalis, have been searched by Italian police as part of an investigation into Parmalat’s May 2012 intra-group acquisition of Lactalis American Group (LAG).
Groupe Lactalis’ bid to take over Sweden’s second largest dairy player fits with the French firm’s strategy of reducing its reliance on cheese, and would give it further brands with which to pursue milk product growth in emerging markets, according to...
The Spanish subsidiary of French dairy giant Lactalis has paid €8.28m for 29.9 per cent of the ingredients research division of Spanish dairy group Ebro Foods, which produces the omega-3 forms for Ebro Puleva’s successful €100m+ selling omega-3 milk.