Dairy Giant Milks Banca Popolare For €60M
According to Friday’s settlement, BPI will pay Parmalat €59.5 million, including €10 million in receivables, or money owed by third parties but held by the bank as collateral. Both sides will also drop all legal claims against each other and not file any new lawsuits.
Parmalat had sought €200 million from BPI for allegedly prolonging...
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