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Parmalat, board of directors experts confirm: Lag's price was correct

For Commissioner Angelo Manaresi and the Board of Independent Experts, the operation that led Parmalat to purchase Lag does not present any anomalies: "The process followed for the evaluation complies with that of the market and there are no symptoms of damage to the group ” – “The transaction was conducted in order to create value”.

Parmalat, board of directors experts confirm: Lag's price was correct

Independent experts agree with Parmalat on the operation that led to the acquisition of Lag. The Board of the Collecchio company, as confirmed by a note released by the group, has examined the new report, the third, by Commissioner Angelo Manaresi and the opinion of the Board of independent experts (Mario Cattaneo, Paolo Andrei and Marco Ziliotti). A report which concluded that "the process followed for the valuation complies with the market one, as well as the process for determining the final price of the transaction and therefore did not reveal any symptoms of damage for Parmalat in relation to the transaction examined".

The Board of Directors therefore reiterated, on the basis of the report, "that there was no damage to Parmalat", but rather that the transaction was conducted "with the aim of creating value for the Parmalat group in the interest of all shareholders, as evidenced by the results achieved and by the significant improvement in the main economic-financial indicators following the acquisition, as well as by the increase in the stock market capitalisation, which has grown well beyond the average of the listed securities contained in the basket of the Ftse Mib index”.

Little moved, in the morning, the share of the Collecchio company, in line with an Italian price list that travels in very slight negative territory.

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