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
Tue, 24 Feb, 2004 - 15:23

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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CourtsBusinessHeathrowPlace: USPlace: United StatesPlace: New YorkPlace: Latin AmericaPlace: Eastern EuropePerson: Fausto TonnaOrganisation: ParmalatOrganisation: Parmalat USAOrganisation: Farmland DairiesOrganisation: Milk Products
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