Giovedì, 20 Settembre 2018
ROME

Parmalat withdraws balance sheet after milk-company ruling

English
© ANSA

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.

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