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Parmalat suppliers club together to buy factory

The suppliers of dairy company Parmalat Hungária Rt have established a consortium with plans to acquire the assets of the company in public tender to be announced by liquidator TM-Line Kft in April, Miklós Istvánfalvi, chairman of the suppliers? Fejér country organization told Világgazdaság. The members of the consortium would like to expand the organization to include approximately 100 farmers who produce some 200 million liters of Hungary?s national produce of 1.5 billlion liters. In the newspaper?s information, the farmers? representatives tried to negotiate for state finance last week to help the consortium acquire the factory. In the meantime, strategic investors are also interested according to the paper, although the proposed Ft 8 billion price at which the permanent assets will be offered is generally considered exaggerated