# TCL Electronics to increase stake in Brazilian JV SEMP TCL to 80%

TCL Electronics Holdings will spend up to $409 million to double its stake in Brazil-based joint venture SEMP TCL to 80% via subsidiary TCL NL. The move is driven by the market potential for selling competitively priced TVs in Brazil.

- Type: Acquisition
- Announced: 2020-06-05
- Where: Brazil
- Value: $409.0M
- Status: announced
- Products: 电视机
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [TCL Electronics Holdings](https://endata.com/companies/47706.md) (acquirer)
- [SEMP TCL](https://endata.com/companies/47707.md) (target)

## Sources

- [stage.communicationsdaily.com](http://stage.communicationsdaily.com/article/2020/06/05/tcl-allocates-409m-to-double-its-stake-in-brazilianbased-joint-venture-2006040055?BC=bc_673c3c71192ac), 2020-06-05: "TCL Electronics Holdings said Thursday it will spend up to $409 million to double its stake in Brazil-based joint venture SEMP TCL to 80% via subsidiary TCL NL."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.