Calisto Tanzi, first successful entrepreneur and creator of the Parmalat giant then sentenced for bankruptcy to 83 years in prison in what was called "the largest debt factory in the history of…
On 28 September 2005, the first tranche of the trial on the biggest scandal of fraudulent bankruptcy and market manipulation perpetrated by a private company in Europe began
The US Bank had requested the suspension of the delisting of the security - According to the administrative judges it is "not possible to detect with sufficient certainty the existence of the "profiles of foundation of the appeal"
The Lazio Regional Administrative Court suspended the delisting at the request of the American bank Citi as a precaution -
The bank led by Corrado Passera lands on the MTA of the Italian Stock Exchange - The stock opens up 4,2%, then falls back - Parmalat and Luxottica close a long path out of Piazza Affari
The Italian story of the group founded by Calisto Tanzi ends. Once the delisting game is closed, the headquarters will no longer be in the historic headquarters of the group, but in Laval, in the Loire - Parmalat Italia will be merged with Galbani…
The French company "does not intend to restore a free float sufficient to ensure regular trading of Parmalat ordinary shares"
Pirelli's OPV gets underway today: "the Prada of tyres" is asking the market for 8,3 billion euros - In view of Mps' return to Piazza Affari, Alberto Vacchi's Gima and…
Political risk sinks the stock market, banks and utilities - Draghi: "Beware of cyber-attacks" - Money laundering, one million confiscated from Fini - VAT communications, the extension is official: delivery on June 12 - Parmalat: liability action against former directors rejected .
90,26% of the share capital voted no - The proposal was presented this morning by Fondo Amber.
For Parmalat, a white-hot meeting is announced for today on the request of the minority shareholders for the liability action against the nine members of the board, for which the Rome Public Prosecutor's Office is asking for indictment for…
The French takeover bid for Parmalat fails again and the stock will not leave the stock exchange - Bankitalia has not taken sides
The Lactalis takeover bid does not reach 90% of the capital: funds win which thus prevent the French group from delisting the share - The French group waives the 90% threshold and reopens participation in the offer from 29 March to 4 April
Bearish markets in the middle of the day ahead of Draghi's press conference - The thud of Stm which pays for the iPhone8 delays is striking - Oil and car stocks are also down - Parmalat's boom after the upward adjustment…
The French group has announced that it has raised the consideration for each of Parmalat's ordinary shares to 3 euros - The share of the Collecchio-based company registers increases of more than 5% in Piazza Affari.
The central bank has 0,5% of the Collecchio group in its portfolio and can swing the outcome of the tender offer to one side or the other
The French announced today, January 27, their intention to reduce the applicable threshold for the delisting of Parmalat with the purchase of the remaining shares from 90,5 to 90%. In short, Sofil will have to go through the takeover bid to buy a share…
Four companies in the spotlight today in Piazza Affari: Enel detaches the advance of the coupon; Unicredit groups the shares; Consob slows down the Opa Lactalis takeover bid on Parmalat; Mondadori enters the war between Mediaset and Vivendi - Meanwhile Trump is back in the spotlight…
The technical operations and the profit-taking after the rush of the last few days affect the last trading sessions of the year - The Germans are not giving up on Mps - Keep an eye on Popolari and Good Banks - The funds are preparing…
Exchanges on European lists slow down in view of the end of the year. Piazza Affari is no exception but the pressure on the banks linked to the MPS affair is paying off. Realizations on Telecom Italia after the increases of the last few days. Meanwhile, it grows…
International markets end 2016 under the sign of Taurus - The MPS case holds back Piazza Affari but the Treasury replies dryly to the EU: "20 billion is enough for Italian banks" - Parmalat above the takeover bid threshold - Mediaset…
The American institution Citibank would have the right to obtain 431 million dollars in Parmalat listed shares from Parmalat - An appeal is still pending in the Supreme Court, but it is likely that the French group is seeking an agreement with the US bank
Piazza Affari with little movement, in the middle of the day, in line with the other European stock exchanges - The market keeps the spotlight on Vivendi's next moves and also involves Telecom Italia - Parmalat runs after the Lactalis takeover bid - A few…
Sofil, the company through which Lactalis controls Parmalat, is offering an 8,5% premium on the December 23 stock market price. The stock soars (+9,7% at 10:31)
In the first quarter of the year, the group recorded a profit of 13,5 million euros, a decrease of 30,4% compared to the same period of 2015: the bad results of the Venezuelan subsidiaries weighed heavily.
Among the directors who resigned also the managing director Yvon Guerin - The assembly will meet on April 29: some statutory changes are possible which should go in the direction of a further tightening on governance by Lactalis
At the end of the year, the 16 million Parmalat warrants that were assigned to the defrauded by Tanzi expire but no one knows what happened to them: they have been languishing for some time despite offering a stellar yield of 140% - The shadow of Lactalis on securities…
Cesare Geronzi was acquitted of the bankruptcy charge in the process for the Eurolat operation, the milk sector of Cirio - the former president of Lazio was instead punished.
The agreement was signed on the basis of an enterprise value of approximately 45 million euros - Longwarry is a company that has 50 employees and closed last year with a turnover of 60 million euros.
The Court admitted the limitation period only for usury. Appeal rejected for some charges; for others it has referred to the Court of Appeal which will have to review and reduce the sentences: 5 years for the former chairman of Generali and 3 years and…
The Italian company has signed a binding agreement with Brf, one of the main Brazilian companies operating in the food sector, for the purchase of 11 plants of the Brf dairy division present in the Brazilian territory and the related assets and brands -…
The proceeding on the purchase of Lag by the Collecchio company is closed: for the Court of Appeal there is no place to proceed "due to the cessation of the dispute" - The effects of the decrees of the Parma court have been annulled - The…
Profit is 47,7 million, down 14,5% on the same period of 2013 - The first half of 2014 was "difficult" for Parmalat, but the second will be "easier", commented the general manager, Yvon Guerin.
Parmalat's shareholders' meeting approved the amendments to the company's bylaws that reduce the power of minorities - The changes concern in particular article 11 of the bylaws, which establishes that the number of directors could vary from 7 to…
Parmalat's majority shareholder, Sofil (Lactalis) presented the list for the renewal of the board which will expire with the approval of the 2013 financial statements
Benefiting from the contribution of Lag for the entire year and including the Brazilian company Blkis acquired in the third quarter, Parmalat recorded in 2013 a turnover of 5.350,3 million euros and a gross operating margin of 437,2 million - For 2014…
The entire Board will therefore cease to hold office at the next budget meeting which will therefore have to proceed with the appointment of the new board.
The Commission announces it in a note, explaining that Parmalat itself has been ordered to pay 180 thousand euros with the obligation of recourse against the three former mayors.
In the four years since its debut, in December 2009, Yoox has managed to multiply its value by more than seven times compared to the price that had been set during the placement phase (from 4,3 to over 31 euros), consequently…
Piazza Affari takes off in the hope of a Letta-Bis government (+3,1%) and the spread falls back - Boom of Autogrill (+8%) and World Duty Free (+10,7%) and recovery of Mediaset and banks - Parmalat goes against the trend for which…
The Prosecutor of Parma has asked the court to revoke the board of directors and appoint a judicial administrator to evaluate the revision of the Lag purchase contract - The operation would have damaged Parmalt which paid too much price…
From what has been learned, these are e-mail messages that the Guardia di Finanza made available to the Public Prosecutor's Office last Monday and which date back to the times in which the Collecchio company was studying the Lag operation
According to 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…
Merkel's triumph encourages the markets: since she became Chancellor (2005), the Dax has gained 65% and the Bunds have offered 40% interest - Neither anti-rigorism nor anti-euro - Even China is back on the run - Battle…
On September 25, the public prosecutor's office will reiterate the request for cancellation of the transaction, in the wake of the report by the ad acta commissioner Angelo Manaresi - The commissioner wrote that "the value at which the acquisition was agreed between Lactalis and its subsidiary …
In recent weeks, following the indiscretions arriving from the Latin American press, Collecchio's group had admitted that it was examining the operation - The share fell on the Stock Exchange by 0,32% to 2,464 euros per share.
The commissioner of the Collecchio company, Angelo Manaresi, filed his third report on the purchase of the US subsidiary of Lactalis with the Court of Parma – Parmalat's external consultants denied: Lag was worth 150 million dollars less than…
Piazza Affari remains in negative territory in the middle of the day, after yesterday's exploit which in an instant had swept away the tensions linked to the forthcoming decisions of the Fed - Profits were taken above all on Diasorin and Finmeccanica - Telecom…
The news comes from South America where, after the rumors reported by the newspaper Valor Economico, Monticiano Partecipacoes, shareholder of the Brazilian company, admitted that there are exclusive talks with Parmalat even if at the moment there is no binding offer
In Piazza Affari, the best blue chip is Mediaset (+4,4%), after the promotion of Deutsche Bank - Parmalat, on the other hand, is bad (-3,8%), after Lactalis denied the rumors of a residual takeover bid on the stock - Bank shares also weak -…
On Friday the rumors of a residual takeover bid by the French majority shareholder had pushed up the shares of the Collecchio company - The dairy sector also shaken by the bacteria found in Fonterra products, supplier of Danone.
Parmalat buys Balkis in Brazil and closes the first half with a net profit up 28,7% on the same period last year. Revenues amounted to 2,59 billion euros. The Board, which approved the results…
Parmalat, at the hands of the ad acta commissioner Angelo Manaresi, has filed the second report on the Lag case with the Court of Parma - At the heart of the document is the issue of the price and the fairness of the consideration paid to the law firm that…
Arturo Albano, of Talete Corporate Governance Consulting, said that "there are still too many gray areas on the acquisition of Lag" and reiterated his criticisms on the price paid - Parmalat CEO, Yvon Guerin, defended the decisions hired by…
The resignation will be effective starting from the meeting of 14 June, which should have expressed itself precisely on its confirmation or not - In the letter of resignation Cravero defended his work and that of the board of statutory auditors
The press rumors reported today indicate that the Court of Parma would have requested the removal from the board of the councilor Antonio Sala and two mayors - The evolution of the investigation could favor an offer on the market by the French to withdraw…
"The markets - assures Minister Saccomanni - have a bit of volatility but it has nothing to do with the Italian situation: I don't see any particular dangers" - Both the stock exchanges, bonds and currencies are under tension - The…
Geronzi sentenced to five years in prison, Arpe to three years and seven months - The trial is a part of the main proceeding for the Parmalat crack on the Ciappazzi mineral water company, which Calisto Tanzi bought from the Ciarrapico group in…
On a strongly negative day for Piazza Affari, the only stock bucking the trend is that of Parlamalat, slightly up - The Collecchio-based company's stock is driven by the publication of the documents relating to the acquisition of Lactalis American Group, in which…
The audit of the 2012 accounts in the light of the ruling on the Centrale del Latte drags down Parmalat's stock - Positive indications from the quarterly accounts: profit +67% to 55,8 million euros.
The Board of Directors of the Collecchio-based company has decided to withdraw the 2012 draft financial statements following the Court's ruling on the Rome milk plant which condemns Parmalat to return all the shares - A new…
Appointment conferred for the adjustment of the purchase price of Lag by Parmalat - The appointment of Manaresi was arranged in the context of the proceeding initiated by the Prosecutor of Parma following the complaint presented by Amber Capital.
The Standard Ethics rating agency has suspended its judgment again - Fears arise from governance, just like ten years ago when the suspension of the ethical rating anticipated the crash - Today the very small free float is under accusation, a…
The food giant closes 2012 with profits up to 172,2 million and turnover up 16,4% - The parent company's profits are down, down 24% - The dividend is down.
The Italian Stock Exchange closes a week plagued by electoral effects in the red: -1,5% - The danger of the US kidnapper (public spending cuts) weighs on European lists - Mediaset collapses (-6,6%) after the request by the Public Prosecutor's Milan to condemn…
The lawsuit concerns the Lag (Lactalis America Group) operation, a company active in the USA that the French group sold to the Italian company for 957 million dollars - According to the Public Prosecutor's Office, the director should remain in office "for 4-5 months , the necessary period…
Collecchio's group is the only Ftse Mib share in positive territory - The market is betting on accounts in line with 2011 and the encore of last year's extraordinary dividend at 10 cents - A rich coupon would…
Piazza Affari, in deep red, leads the descent of the European lists - The perplexities that emerged from the publication of the Fed minutes affect the Stock Exchanges - Meanwhile, the Btp-Bund spread rises - For Milan, uncertainty also plays a negative role for…
On a positive day for Piazza Affari, Parmalat shares are at the bottom of the Ftse Mib - The investigation by the Parma Public Prosecutor's Office into the purchase of Lactalis, which yesterday led to…
The operation of the Gdf falls within the scope of the investigation into the acquisition of Lactalis America - The accusation is of embezzlement with the aggravating circumstance of abuse of authority or official relations - Lactalis and Mediobanca are also targeted.
Parmalat closed the third quarter with consolidated net income down to 58 from 75,4 million and revenues up by 1,41 billion from 1,1 billion.
The president of Parmalat's Lactalis version, Franco Tatò, goes on the counterattack: he presented himself before the president of the Parma court, Roberto Piscopo, to defend the group's purchase of Lactalis USA, an operation worth 957 million which absorbed…
The editorial group's rally has restarted, after the Tod's owner said he wants to go further in the capital - L'Espresso and Mondadori also benefit - Bets are back on the delisting of Parmalat, which earns over…
The purchase of the American company Lag by the Colecchio company reeks of a conflict of interest to the Parma prosecutor who would have opened a file on the case - In Piazza Affari the hypothesis of a Parmalat delisting inflames the title it earns…
Given the financial position of the American subsidiary, the price of the Lactalis USA operation rises by 53 million dollars - Agreement reached with the unions for redundant workers.
Parmalat allegedly presented an investment plan in Italy to the unions for an amount of 180 million euros - The meeting was held at the Ministry of Economic Development - The first heavy investment will be the UHT milk plant in Collecchio.
At the center of the controversy is the industrial project of Lactalis which is still "not very clear" - Instead of company development, there is talk of plant divestments: "The Lactalis group seems to be disregarding its commitments to develop Parmalat through…
Piazza Affari closes up 0,27% - All European price lists are positive, apart from Frankfurt, in the hope that the president of the ECB will take concrete measures to save the euro - Monti, increasingly controversial with the Bundesbank, flying towards…
Good results for Parmalat in the first half of 2012: net revenues amounted to 2.276,9 million euros, up by 130,0 million (+6,1%) - Group profit amounted to 82,5 million euros euro, up 6,0 million…
The net financial resources of the Collecchio-based company will be reduced to 796,6 million euros with the purchase of Lactalis Usa, for 904 million euros - The pro forma results of the two companies together record consolidated revenues of 5,2 billion…
Heavy collapse in Piazza Affari for the Parmalat share, which yesterday announced the purchase of Lactalis American Group for a total value of 904 million dollars.
The Minister of Economic Development Corrado Passera has convened the top management of the French company Lactalis, which holds 83,3% of Parmalat - The crux of the meeting is the use of the treasure inherited from the Bondi management - According to rumors, in fact, Lactalis intends spend those…
The lawyers of the former owner of the Collecchio group have already announced the appeal to the Supreme Court - The Supervision Tribunal of Bologna has to rule next month on the imprisonment of Tanzi (73 years old, now hospitalized).
The reassurance of the undersecretary for economic development Massimo Vari: "A discussion table will be set up with the new French ownership of Parmalat".
Stock markets mixed awaiting the Eurogroup's decisions on Greece and fears over Portugal - Milan is close to parity (-0,1%) - Slight rise in the spread to 316bp - Quarterly reports send industry flying: Parmalat +9,45, XNUMX% and Pirelli +…
Apart from Madrid, Piazza Affari is the worst performer in Europe - Campari was suspended due to excessive reductions, after disappointing accounts - Instead, Parmalat (now registered as Lactalis) and Pirelli (in the wake of excellent accounts) ensure solid earnings - Pause…
Piazza Affari rewards the good results of the Colecchio group which passed to the French Lactalis last year - For 2012 Parmalat expects solid growth especially in South America.
These are eleven players from Tanzi's great Parma, who together with the president and commercial director Barili would have contributed to the diversion of funds from Parmalat's coffers: Crippa, Thuram, Stoichkov, Dino Baggio, Chiesa, Brolin, Minotti, Apolloni, Asprilla ,…
Three cases at the center of the great maneuvers of Piazza Affari: takeover and counter-takeover of Fonsai, Salini aims at Impregilo, possible delisting of Parmalat - The Milan Stock Exchange is the only one that closes above parity (+0,47%) - Bene saipem And…
Parmalat and Cirio from two Made in Italy diamonds to companies that collapsed like sand castles, sending over 15 billion euros up in smoke - "Victims and principals have changed over the years but the result is always the same:…
After Benetton's exit from the list, rumors identify the main suspects in Parmalat, Saras and even Mediaset - Bernanke sees signs of recovery in America - China willing to support the eurozone - The Stock Exchange launches the Short Index…
The investigations by the Guardia di Finanza would have revealed dangerous relations between banks and consultants at the time of the events, which left Intesa Sanpaolo and the Ferrero group out of the game, ready to invest between 700 and 800 million.
The former chairman of Generali and Capitalia and the former CEO of Capitalia were sentenced in the first instance by the Court of Parma respectively to 5 years for fraudulent bankruptcy and aggravated usury and 3 years and 7 months for fraudulent bankruptcy.…
This was decided today by the Gip of the Court of Rome - According to the indictment, the former president of the Banca di Roma forced the former owner of Parmalat to buy Eurolat from Cirio.
The new French management of the Collecchio group, led by CEO Yvon Guerin, is reportedly evaluating the best way to extract value from the operation, which could bring in the group's coffers up to 200 million euros.
The former premier: "We are not in a recession and we can do it, but we are the last of the class. Nothing can replace the wisdom of the government's daily action" - We need a new balance between the state and the market and between country and country: " Eye…
INTERVIEW WITH FRANCO TATO' - The ruling by the Constitutional Court on aid to countries in crisis is extremely insidious. Merkel slipped six electoral defeats in a row and lost her political cred: her approach to the Greek crisis is…
The six-monthly report approved by the new Collecchio board highlights a drastic drop in numbers - In addition to the group, Parmalat Spa is also in crisis, which has decreased its profits from 77 to 34 million - For 2011…
by Elena Bonanni - For the market, the Btp auction counts more than Parliament's first yes to the maneuver - Banks again in the red - Contrasted opinions on Enel - Poltrona Frau and Luxottica go against the trend - The exploit continues…
He was indicated by the top management of the Italian group for "his great experience in the management of the production and distribution of packaged milk and for his ability to integrate the structures of different and complementary companies".
