Under the deal, Parmalat S.p.A — a subsidiary of Parmalat Finanziaria S.p.A — sold its 89.79 per cent share in Parmalat Thailand to Campina for a "symbolic consideration" of US$1 ($1.37). The parent company said this represented a capital loss of 4.1 million euros ($6.6 million) for the Parmalat Group. The remaining 10 per cent is in the hands off a local partner.