Samsung Workers Held Hostage as Bandits Make Brazil Factory Haul

Thieves held hundreds of employees hostage as they hauled away truckloads of merchandise from a factory in Sao Paulo owned by Samsung Electronics Co. (005930), the world’s largest smartphone maker.

About 20 bandits invaded the company’s factory in the city of Campinas this morning, using as many as 10 trucks to steal 40,000 units of product, the press office of the state civil police force said by phone. About 200 employees were held hostage as thieves snatched tablets, mobile phones and laptop computers, Agencia Estado reported without saying where it got the information.

“Fortunately, no one was hurt,” Samsung said in an e-mailed statement. “We are cooperating fully with the ongoing police investigation and we will do our best to avoid any recurrence.”

The police have suspects in the case, their press office said without providing additional details. Samsung said it is assessing the value of the heist, which Agencia Estado pegged at 80 million reais ($36 million).

Samsung fell 1.1 percent today in Seoul.

To contact the reporters on this story: David Biller in Rio de Janeiro at dbiller1@bloomberg.net; Fabiola Moura in Sao Paulo at fdemoura@bloomberg.net

To contact the editors responsible for this story: Andre Soliani at asoliani@bloomberg.net Randall Woods, Robert Jameson

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