Parmalat says US bankruptcy court clears permanent bankruptcy protection |
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Published
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Fri, 22 Jun 2007 15:01
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MILAN (Thomson Financial) - Parmalat SpA said that the US Federal Bankruptcy Court in New York has ruled in favour of the food firm's request for permanent bankruptcy protection, rejecting objections made by Bank of America and other parties.Parmalat filed for bankruptcy protection in the New York court in 2004 after the group collapsed end-2003, submerged by about 14 bln eur of debt.danilo.masoni@thomson.comdm/lceCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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Parmalat to receive 22 mln eur from Banca delle Marche in settlement 