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.
Italian prosecutors have asked for Parmalat’s $904m acquisition of Lactalis American Group (LAG) to be cancelled and the Parma-based dairy giant’s board to be removed, according to reports.
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).
Lactalis has agreed to acquire a majority stake in leading Slovenian diary processor Ljubljanske Mlekarne – a move the French dairy giant hopes will strengthen its position in South East Europe.
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...
Lactalis has acquired a 29 per cent share in Parmalat as the Italian government looks into ways of preventing the dairy company from falling into foreign hands.
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.
French dairy giant Groupe Lactalis has signalled its commitment to maintaining Rachel’s brand and production in mid-Wales, according to Calon Wen, the co-operative that supplies all of the organic yogurt maker’s milk.
France’s Lactalis Nutrition Sante is the latest company to use Martek’s ARA in infant formula and milk for young children, after signing a multi-year single-source agreement with the micro-algae specialist.
It could now be impossible for French producers to sell Roquefort cheese in the US amidst an ongoing dispute with the EU over trade policy, warns a leading supplier of the product.
