June 28/Parma, Italy/Agence France-Presse -- French cheese giant Lactalis is expected to take control of Italy's Parmalat at a shareholder meeting later on Tuesday (June 28) after a corporate battle aimed at creating the world's biggest dairy company.
The formal takeover of Parmalat is only set to be completed next week, but the company behind President camembert already holds a 29% stake -- enough to enable it to have nine candidates elected to the 11-person board.