Business Services Industry
Brazil: Sharp struggles to move out from bankruptcy.
South American Business Information, April, 2000
Consumer electronics producer Sharp, that applied for preventive bankruptcy by
March unable to manage piled up debts of R$600mil, is betting in a merge with other producers to stay afloat. The company is actively negotiating with the development bank BNDES a R$40mil creditthat would allow it to continue production and comply with orders of 8,000 items from its 250,000 registered customers.
Copyright (c) 2000, SABI, all rights reserved.
Source: Gazeta Mercantil Page: a6 Date: April 10, 2000 Country: Brazil Product: Consumer Electronics Company: Sharp Event: Bankruptcy SABI (South American Business Information)
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