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VCP Awaits Safra’s Move on Aracruz

Aug 7, 2008

Brazil’s pulp industry is a step closer to consolidation following VCP’s announcement Wednesday that it purchased a 28% stake in Aracruz – which is optioned by Safra – from the Lorentzen Group for $1.7bn. Credit Suisse advised Lorentzen while Estater, a Sao Paulo-based boutique,...

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