The Chilean company will invest 147 million euros
Chilean company Arauco, part of the Angelini group, will invest approximately 147 million euros (208 million dollars) to purchase the assets of a Finnish firm in Brazil in a transaction that includes sawmills, forest plantations, and a paper mill.
After a year of negotiations, Arauco and the Finnish company Stora Enso - the world's largest producer of paper and boards - sealed the alliance, including the purchase of 20% of a paper production plant in the town of Arapoti.
Arauco bought 100% of a sawmill with an annual production of 150.000 cubic meters, 80% of Arapoti's forestry holdings (50.000 hectares including 25.000 hectares of pine and 5.000 hectares of eucalyptus) and 20% of the paper production plant with a capacity of 205 tons per year
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