April 20 - Parmalat S.p.A. communicates that today it reached agreement with Carige Bank Group (Banca Carige S.p.A. and Cassa di Risparmio di Savona S.p.A) settling all claims related to the period prior to Parmalat's insolvency (December 2003). .
In consideration of the above mentioned agreement, Carige Bank Group agreed to pay to Parmalat S.p.A. the sum of 5,400,000 Euros in consideration of Parmalat’s withdrawal of all claims and actions vis-à-vis Carige Bank Group.
As part of the settlement, Carige Bank Group waived the right to file proof of claim, for the amount paid, against the companies in Extraordinary Administration that were part of the “Concordato”, and agreed to forgo and relinquish all other claims with respect to both the Parmalat companies in Extraordinary Administration and Parmalat S.p.A., the “Assumptor” of the “Concordato”.
Parmalat S.p.A. expresses satisfaction for the settlement reached.