Chilean business magnate Liliana Solari, the owner of
Chilean retail chain Falabella, expressed interest to buy the
assets of financially troubled Italian food and dairy group
Parmalat in Chile, Argentina and Uruguay.
Liliana Solari declared her interest in the assets of
Parmalat in Argentina, Chile and Uruguay to the
government-appointed administrator Parmalat, Enrico Bondi. The
sales of Parmalat in these three countries total $140 mln
(111.93 mln euro) annually.
Solari is yet to specify her offer in U.S. dollars. Liliana
Solari has initially intended to buy Parmalat's assets in Chile
only, but later she decided to extend her offer to the
companies in Argentina and Uruguay, too.
Argentine unit of Parmalat is by far the largest of the
three. Parmalat Argentina has two plants in the Buenos Aires
province with a combined workforce of over 1,200. The turnover
of the company for 2003 totalled 190 mln Argentine pesos
($65.07 mln/52.02 mln euro), up 11 pct year-on-year. Parmalat
Uruguay closed 2003 with sales of $36 mln (28.78 mln euro) and
the turnover of Parmalat Chile for 2003 totalled $40 mln (31.98
Grupo Solari operates in Chile through the investment
holding Bethia. Liliana Solari is already present in the dairy
market in Chile via its company Calan.