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Dairy suppliers buy Parmalat Hungária

A group of suppliers to Parmalat Hungária Rt, the former unit of troubled Italian dairy giant Parmalat, signed a contract to purchase the company yesterday, Ferenc Somogyi, Parmalat Hungária's bailiff, said. Somogyi would not disclose the price that the suppliers, under the name Alfoldi Tej, paid for Parmalat Hungária, but confirmed earlier reports that it was between Ft 1.7 billion and 1.8 billion. He added that about 40% of Parmalat Hungária's debts -- those to D-category creditors -- had been paid off with the proceeds from the sale. The Competition Office must still approve the sale, Somogyi said. (Econews; NG 4, Thurs Vg 7)