Collechio, Aug 1 - Parmalat S.p.A. announces that today it reached an agreement with the UniCredit Group settling all transactions and claims between the parties in any way related to the period prior to the date when the Parmalat Group was declared insolvent (December 2003). Consequently, Parmalat S.p.A. is ceasing all actions to void and actions for damages that it has filed or could possibly file in the future against the UniCredit Group. In consideration of this agreement, the UniCredit Group will pay Parmalat S.p.A. a total of 229,7 million euros.
Similar settlement agreements have been executed by the banks of the UniCredit Group, on the one hand, and the Extraordinary Administration Commissioner of the Parmatour Group, Parma Associazione Calcio and the other companies of the old Parmalat Group currently under extraordinary administration on the other hand. Pursuant to these agreements, the UniCredit Group will pay 37 million euros to the companies of the Parmatour Group, 4 million euros to Parma Associazione Calcio and 1 million euros to the other companies under extraordinary administration (licensee companies, Streglio, Eliair, Parmalat Molkerei and Deutsche Parmalat), while at the same time waiving all verified claims it may hold against the abovementioned companies.
Moreover, the UniCredit Group waived all claims put forth in actions filed against companies under extraordinary administration challenging or demanding the verification of claims and, more in general, any and all claim for damages, thereby minimizing the impact of the remaining disputes. For his part, the Extraordinary Commissioner agreed to waive any further claims or actions to void or actions for damages filed against the UniCredit Group for aiding and abetting in bringing about and/or aggravating the financial collapse of various companies. The Extraordinary Commissioner further agreed to refrain from joining as plaintiff seeking damages in any of the pending criminal proceedings.
Parmalat, UniCredit and the Extraordinary Commissioner express their satisfaction at the agreement reached.