BusinessCompany NewsParmalat aims to re-list on Italian stock exchange

Parmalat aims to re-list on Italian stock exchange

Dairy company wants to be back on the Italian stock exchange after accounting scandal.

After going bust because of an accounting scandal, dairy company Parmalat wants to re-list on the Italian stock exchange. Link: Parmalat: The aftermath

Parmalat, which revealed debts of £9.6bn in 2003 – eight times higher than it had originally stated – wants to be trading on the boards again by July.

The BBC reports that Parmalat has detailed its administrators’ new strategy for re-listing the groups shares.

The company is expected to convert creditors’ debts into shares in two share issues amounting totalling approximately 2bn euros.

Creditors will be asked to vote on the plan later in 2005.

Related Articles

M&S business rate liabilities based on £570m rateable value

Company News M&S business rate liabilities based on £570m rateable value

4m Emma Smith, Managing Editor
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

8m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

1y Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

1y Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

1y Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

1y Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

1y Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

1y Emma Smith, Managing Editor