Lactalis, a French dairy company that is wholly owned by the Besnier family, has made a bid to buy the portion of Italian dairy Parmalat that it doesn’t already own,
Bloomberg Businessweek
reported.
Lactalis is currently Parmalat’s biggest shareholder, with a 29% stake.
The offer is valued at 3.38 billion euros, or $4.9 billion.
Lactalis said it would keep the company listed in Milan, according to a
Financial Times
report. The
FT
cited a Lactalis statement that said:
“Lactalis will evaluate the possibility of merging into Parmalat its European milk activities, including those in France and Spain.”
The offer was made just hours before a meeting between Italian Prime Minister Silvio Berlusconi and French President Nicolas Sarkozy. (Sources:
Bloomberg Businessweek,
April 26, 2011;
Financial Times,
April 27, 2011.)
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