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Parmalat reveals restructuring plan

13 April 2012

EMBATTLED Italian foodmaker Parmalat has unveiled a draft restructuring plan that would see the company slash the number of its brands from 120 to 30 and sell Italy's Parma football club.

Parmalat collapsed three months ago. Twenty people have been arrested, including jailed founder Calisto Tanzi, but are yet to face charges.

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