Monday, June 18, 2007

Parmalat settles 72 mln euros in claims with banks

(Reuters) - MILAN, June 18 - Italian dairy group Parmalat has settled claims with three banks including Merrill Lynch for a total of 72 million euros , bringing to a close some of the lawsuits linked to its 2003 collapse under massive debt.



Parmalat , which has since restructured and relisted on the Milan bourse, said in a statement on Monday it had settled all outstanding damage claims with Merrill Lynch for 29 million euros.


Read more at Reuters.com Bonds News

No comments: