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Fibria divests eucalyptus forest assets in Brazil

Published by
Simon Matthis - 03 Jul 2012

Fibria announced that it recently closed the sale of forest assets and land located in southern Bahia State, Brazil, consisting of a total of approximately 16.1 thousand hectares of eucalyptus forest, for a total sale price of R$235 million.

The buyer, Caravelas Florestal S.A., controlled by Fundo Florestas do Brasil FIP, finalized the deal with the payment of R$ 200 million to Fibria.

Fibria expects payment of the outstanding balance — R$ 35 million — on November 14, 2012, after the completion of due diligence by the purchaser.