The Italian dairy giant has announced that the cases involving revocatory and damages actions filed by Parmalat against BNL and Ifitalia have been settled.

This finalises one of the biggest legal cases associated with the Parmalat scandal. Under new chief executive Enrico Bondi, the company has followed a strategy to recoup the billions it lost in the financial scandal in 2003 and two years of government administration.
Under the terms of the settlement, BNL has committed to pay