ITALY/ARGENTINA Six companies are reported to be vying for Parmalat’s Argentinian business.

The companies include Canada-based dairy company Saputo as well as Coinvest SA, HSBC Holdings Plc, American Invest Group, Dolphin Fund and Pegasus, according to the Dow Jones News Service.

Although Parmalat has not formally put its Argentine business up or sale, it is not generally seen as one of its core businesses.