TITLE

Foreign Creditors Upset Over Parmalat Outcome

AUTHOR(S)
O'Connor, Collen Marie
PUB. DATE
June 2005
SOURCE
High Yield Report;6/13/2005, Vol. 16 Issue 23, p3
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Reports on the concerns of foreign creditors about the potential recovery of their investments in the bankrupt dairy company, Parmalat Finanziaria SpA. Belief of foreign creditors about the advantage afforded to Italian creditors in the negotiations; Position of hedge funds in asset recovery; Agreement for unsecured creditors to be given with stock based on finalized recovery ratios.
ACCESSION #
17302652

 

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