4 September 2009 - Parmalat S.p.A. announces that the Irish High Court has, on September 3, 2009, approved a settlement between it and Eurofood IFSC Limited (in Liquidation) resolving all reciprocal claims.
Under the agreement, in return for the issuance of nine million shares of Parmalat S.p.A. stock, Eurofood will waive and release all claims that it has asserted against Parmalat, withdraw its demands, and assign to Parmalat all rights and claims it has against Parmalat de Venezuela and Indulac, including the claim arising from a loan of $80 million (plus interest).