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Lactalis Holds 83% of Parmalat

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Lactalis Holds 83% of Parmalat

July 11
09:53 2011

French dairy group Lactalis had secured 83.3% of Parmalat, Italy’s biggest listed food group, at the conclusion of its Eur2.5b buyout offer. Lactalis is famous for its President Camembert cheese and is owned by the Besnier family. The combination of Lactalis and Parmalat will create the world’s largest dairy company.

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