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Rivals queue for Parmalat

Parmalat, the scandal-hit dairy group set to re-list tomorrow, is reportedly braced for a takeover battle after rival firms Granarolo and Lactalis expressed interest in the embattled company.

Rossella Saoncella, general manager of Italy's Granarolo, told Reuters: "We are indeed considering the deal. We are waiting to see how things go." She did not elaborate on the size or timing of a potential offer.

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