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(Refiles to fix spelling of first name, Calisto not Callisto) By Philip Pullella ROME (Reuters) -Businessman Calisto Tanzi, who transformed a small family milk company into the multi-national food powerhouse Parmalat only to see it collapse in one of Italy s biggest fraudulent bankruptcies, died on Saturday, aged 83. Tanzi died of pneumonia in a hospital in Parma, the city in central Italy where he had made his fortune, his family said. Parmalat collapsed in 2003 when a 14 billion euro hole was uncovered in its balance sheet, wiping out the savings of thousands of small investors in a bankruptcy that also reverberated across the worlds of banking, sport, tourism and entertainment. The company was found to have overstated its profits and sales for years and the collapse sparked litigation worldwide against dozens of banks. Tanzi underwent a series of trials along with other company executives and prominent Italian bankers. He was convicted of market-rigging, fraudulent bankruptcy and ot