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.

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.

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

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €120 €60

Best value

Monthly €10€5 / month

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited