Arla Foods has given professional investors the opportunity to invest in the company through the issue of SEK 1.5bn ($225m, €175m)-worth of corporate bonds – a move designed to refinance its existing bank debt.
Standard & Poor's announced today that it has lowered
its credit ratings on French company Danone, based on
the projected increased debt due its proposed acquisition of
Numico.
Parmalat's profit before interest and tax rose 18.4 per cent in the
first two months of 2006 to € 45 million, with predictions that net
debt would remain stable over the year.
In yet another twist arising from one of the largest scandals in
Italian corporate history, Parmalat, the bankrupt Italian dairy
company, has agreed to pay former creditor Deutsche Bank an
additional €26 million, a gesture which could...
Parmalat Hungaria, the Hungarian arm of the disgraced Italian dairy
group, will receive a HF500m loan from the Hungarian government to
help the plant reach a higher level of output and, in turn, clear
its debts. The site is currently...
