Parmalat SPA announced three settlement agreements Monday with Merrill Lynch, ING Bank and Italy’s Banca Monte Parma SPA, for a total of $96.5 million related to the dairy group’s 2003 failure.

In addition to criminal proceedings ongoing in Italy, Parmalat is pursuing civil actions in Italy and the United States aimed at recouping losses from the $18 billion insolvency — Europe’s largest corporate bankruptcy.