Martedì, 25 Settembre 2018

Parmalat asks Lactalis for $144-mln discount in Lag unit buy


Milan, May 10 - Parmalat has asked France's
Lactalis, with whom it shares a parent company, for a
$144-million discount in the agreed intra-group purchase of Lag,
the American unit of the French company, for which the price tag
had been set at 957 million euros.
Both Parmalat and Lactalis are controlled by BSA
The request follows price-revision guidelines that are
included in the sale contract agreement, and took place in the
wake of pressure from Italy's stock-market regulator Consob as
well as prosecutors, amid concern the sale may be a way of
transferring wealth from the Italian unit to Lactalis to the
French one.

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