Varig Auctions Moved Up To June 5 From July 9
In a last-ditch effort to improve cash flow after public sector BNDES disapproved applications of investors for a bridge loan (DAILY, May 25), Varig last week requested that the auction date for the sale of the airline be advanced from July 9 to June 5; Rio Judge Roberto Ayoub, overseeing Varig's...
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