VCP Lands Aracruz Stake on New Terms

Jan 21, 2009

Votorantim is set to become the main shareholder in Aracruz, the region’s largest pulp and paper company, after sealing a BRL2.7bn deal that had been hanging in the balance. Voto’s VCP unit is acquiring a 28% stake in the embattled Aracruz from the Lorentzen family after more than 5 months of delay. The deal announced yesterday was set to close in October, but froze after Aracruz’s announcement of a $1bn loss stemming from FX derivatives. The 28% stake...

To continue reading please take a free trial, subscribe or login below.

Already have an account?


Subscribe now for unlimited access to all current and archive news, data and market analysis. 


Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial

Upcoming Events


Where will capital markets be busiest in 2017?