MILAN (Thomson Financial) - Some Italian investment banks are sounding out
institutional investors that have shares in Parmalat SpA to see it there are any
chances of mounting a takeover of the food group, daily MF said in an unsourced
report.
The newspaper said now that Parmalat's legal issues with banks are close to
being resolved, financial institutions can consider financing or supporting a
potential takeover with no worries of being accused of conflict of interest.
A verdict on the Parmalat claim against Citigroup is seen in October and
this should pave the way for resolving the claim against Bank of America, MF
said noting that these two cases are the only legal actions still pending.
danilo.masoni@thomsonreuters.com
dm/ejp
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