A number of parties have expressed interest in purchasing the Melbourne-based confectioner, Betta Foods, which went into voluntary administration in January.

Cor Cordis, voluntary administrator of Betta Foods, said the level of interest is an encouraging sign for the future of the business and it hopes to be in a position to announce a sale within coming weeks. "We've received over 26 expressions of interest since we were appointed in late January," says managing partner Bruno Secatore.

"Most of these inquiries are from Australian-based entities that are looking to purchase the assets of the Betta Foods business. We're expecting formal offers by the end of this week, and the signs are encouraging that there's a future for Betta Foods."