Liquidator appointed to Irish subsidiary of Parmalat
The fallout from the biggest corporate scandal in European history has spread to Dublin, with a liquidator appointed to Eurofood IFSC, an Irish subsidiary of Parmalat, by the High Court and Bank of America.
Liquidator Pearse Farrell will manage the undertaking and appoint legal advisers. He can also apply to the Court for additional powers if required.
Eurofood provided financing facilities for companies in the Parmalat group. Bank of America claims it is owed €2.76m by Eurofood.
The bank's total exposure to Parmalat, which Italian authorities is investigating, is around €217m.
