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Parmalat SpA (PLT.MI)

PLT.MI on Milan Stock Exchange

3.08EUR
10:52am EDT
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€3.08
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€3.08
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€3.08
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€3.07
Volume
244,710
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€3.13
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€2.22

Latest Key Developments (Source: Significant Developments)

Amber says won't tender Parmalat shares despite Lactalis bid price rise
Thursday, 9 Mar 2017 12:00pm EST 

Italian dairy group Parmalat: Amber Capital reiterates won't tender shares in Parmalat despite Lactalis raising buyout offer price to 3 euros a share . Decision to raise bid price is "small step in right direction but there is still a long way to go" . Parmalat shares could be worth between 3.8 and 4.5 euros each including possible cash-in from a lawsuit with Citigroup Further company coverage: [PLT.MI] (Reporting by Milan Newsroom).  Full Article

Parmalat shares rise after Lactalis ups price of buyout offer
Thursday, 9 Mar 2017 03:03am EST 

Parmalat Spa : Shares rise after Lactalis increases price of buyout offer to 3 euros per share . Stock up 5.4 percent at 3.024 euros by 0802 GMT Further company coverage: [PLT.MI] (Reporting by Milan newsroom).  Full Article

Parmalat unit acquires companies operating in Chile
Wednesday, 1 Mar 2017 12:26pm EST 

Parmalat SpA : Unit La Vaquita Holding SpA acquires companies operating in Chile and specialized in cheese sector .The enterprise value of the acquired business has been set at 100 million euros ($105.65 million).  Full Article

Parmalat board gives fairness opinion on Sofil's tender offer consideration
Wednesday, 8 Feb 2017 05:47am EST 

Parmalat SpA : Said on Tuesday that the board of directors approved the announcement concerning the all-share voluntary tender offer promoted by Sofil SaS . Board says that the tender offer considerations was fair . Board points out that it was within the lower part of the range of the amounts in the fairness opinion of Lazard Srl .Lazard is an independent expert appointed by the independent directors.  Full Article

Parmalat sees 2017 revenue, EBITDA rising around 4 pct y/y
Monday, 6 Feb 2017 03:30pm EST 

Parmalat says: sees 2017 net revenue and EBITDA rising around 4 percent year-on-year at constant exchange rates and excluding Venezuelan subsidiary . forecasts 2018 net revenue gain of 3.5 percent and an EBITDA increase of 7 percent compared with previous year. Further company coverage: [PLT.MI] (Reporting by Milan newsroom).  Full Article

Lactalis says delisting threshold in Parmalat buyout offer lowered to 90 pct
Friday, 27 Jan 2017 02:01am EST 

French dairy firm Lactalis says: delisting threshold in buyout offer for Italy's Parmalat lowered to 90 percent from 90.5 percent - statement Further company coverage: [PLT.MI] (Reporting by Milan newsroom).  Full Article

Parmalat FY prelim. EBITDA up 3.3 pct YoY at EUR 459.2 mln
Thursday, 26 Jan 2017 01:58am EST 

Parmalat SpA : Reported on Wednesday that FY preliminary net revenue totalled 6.49 billion euros ($6.97 billion), up 1.2 pct compared with 6.42 billion euros reported in FY 2015 . FY preliminary EBITDA grew to 459.2 million euros, for an increase of 3.3 pct compared with 444.5 million euros in the previous year . There continue to be uncertainties in Latin America, particularly in Brazil, due to a challenging macroeconomic context .Says uncertainties in Latin America could have an impact both on the growth estimates for that area in the coming years and on the valuation of the company's assets.  Full Article

Parmalat reaches settlement agreement with Tetra Pak
Friday, 23 Dec 2016 02:02am EST 

Parmalat SpA : Said on Thursday that it had reached an agreement aimed at composing the claw back action filed in 2005 against Tetra Pak International SA .Tetra Pak has committed to pay to Parmalat an amount of 16 million euros ($16.72 million), in full and final settlement.  Full Article

Parmalat H1 net profit up at EUR 44.9 mln
Friday, 29 Jul 2016 11:55am EDT 

Parmalat Spa : H1 net profit 44.9 million euros ($50.16 million) versus 37.6 million euros year ago .H1 revenue 3.01 billion euros versus 2.98 billion euros a year ago.  Full Article

Parmalat Q1 net profit down at EUR 13.2 mln
Tuesday, 24 May 2016 09:17am EDT 

Parmalat SpA : Q1 net profit 13.2 million euros ($14.73 million) versus 19.0 million euros a year ago . Q1 revenue 1.41 billion euros versus 1.37 billion euros a year ago .Confirms FY 2016 guidance.  Full Article

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Lactalis extends offer on Parmalat shares

MILAN Lactalis said on Wednesday it extended a buyout offer on Parmalat for a further five days, after the French dairy group failed to reach a 90 percent stake it needed in the Italian food company to request its delisting.