Parmalat, the scandal-hit dairy group, could relist on the Italian stock exchange as early as this summer after shares were suspend in December 2003 following the firm's €14bn ($18bn) collapse.

Borsa Italiana, the Milan-based stock exchange, last night gave the preliminary go-ahead for the relisting for the new Parmalat SPA group, which is in special administration under turnaround specialist Enrico Bondi.