Article: Public Ministry investigates Parmalat transaction ; Itambe gives up partnership.

Brazil, Aug 1, 2002

Parmalat is to sell 99% of the CBL (Companhia Brasileira de Laticinios)' shares to Carital Brasil Ltda., an ex-subsidiary of the Italian multinational, which used to be called Parmalat Brasil Administracao e Participacao. Carital changed name and claims to be currently controlled by Carital Foods and Dancent Corporation, although market sources affirm it still have connection to Parmalat. CBL equity is comprised of a Morada Nova-based plant (Ceara state). The acquisition of the unit is also being negotiated with the businessman Luis Girao, who sold off the plant to Parmalat in 1995. Girao said he has been negotiating with Parmalat, for almost ...

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