Parmalat Inks €79M Settlement With Italian Bank
Under the deal, Italy's dairy king Parmalat will drop all reciprocal claims against the bank. Monte Pashi will also pay €9.5 million to Parmatour Group, Parmalat's former tourism subsidiary, as well as €500,000 to Parma Associazione Calcio and €500,000 to Parlamat's bankruptcy administrator.
“Parmalat and Monte dei Paschi di Siena and the...
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