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July 3, 1990

ASYSTEL IN EQUIVALENT OF CHAPTER 11 BANKRUPTCY PROTECTION

By CBR Staff Writer

French computer equipment distributor Asystel SA is in the equivalent of Chapter 11 bankruptcy protection in Nanterres, but the foreign subsidiaries are unaffected: for its most recent 12 months, the company lost $25m on sales of some $200m; the company will be under the supervision of the commercial court in Nanterres for three months to give it time to sort its affairs out.

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