The milkman cometh.As the smoke from the US$18 billion Parmalat Parmalat SpA (ISE: IT0003826473), is an Italian dairy and food corporation. Having become the leading global company in the production of UHT (Ultra High Temperature) milk, the company nearly disappeared altogether following accusations of financial wrongdoing against founder accounting explosion began to clear, the Italian government's appointed company administrator Enrico Bondi launched a global corporate restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). plan, which includes selling subsidiaries in 20 of the company's 30 countries of operation. The Italian dairy producer is expected to divest To deprive or take away. Divest is usually used in reference to the relinquishment of authority, power, property, or title. If, for example, an individual is disinherited, he or she is divested of the right to inherit money. assets in Argentina, the Dominican Republic Dominican Republic (dəmĭn`ĭkən), republic (2005 est. pop. 8,950,000), 18,700 sq mi (48,442 sq km), West Indies, on the eastern two thirds of the island of Hispaniola. The capital and largest city is Santo Domingo. , Ecuador and Uruguay. Parmalat Brasil, the company's largest Latin American operation and source of 10% of Parmalat's total revenue, appointed a new board of executives to review whether to sell some or all of the company's Brazilian assets, which have a total debt of $2.5 billion. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion