August 23, 2021 |
Argentine home appliances retailer Grupo Garbarino plans to sell a 51% stake in its Compumundo chain of electronics stores as it tries to avoid falling into bankruptcy on mounting debts and lackluster sales.
The group said it will offer 58.65 million of the shares it owns in Compumundo at auction on September 15, with the stake going to the highest bidder, according to a public call for bids. The move comes as Garbarino under new ownership struggles to return the business to profit so that it ca
Argentine home appliances retailer to offer 51% stake in Compumundo at auction