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Lactalis buys out Parmalat

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Lactalis is launching a buyout offer for shares in Italian group Parmalat it does not already own, with the aim to delist the company from the Milan stock exchange.

Lactalis for years denied speculation that it planned to delist Parmalat, which was relaunched in 2005 after going bankrupt following a financial scandal two years earlier, to have free rein in running the group.

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