Parmalat's US arm files for bankruptcy protection

A United States unit of the Italian dairy group Parmalat at the centre of a multi-billion euro accounting scandal has filed for Chapter 11 bankruptcy protection in New York.

A United States unit of the Italian dairy group Parmalat at the centre of a multi-billion euro accounting scandal has filed for Chapter 11 bankruptcy protection in New York.

Parmalat USA has detailed debts of $100m (€79.30m) and said its largest unsecured bank loan was $10.1m (€7.93m).

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