Voto Still Wants Aracruz

Voto Still Wants Aracruz


Votorantim Group’s paper and pulp unit VCP is still interested in acquiring a 28% stake in Aracruz from shareholder group Arapar. Voto’s IR executives say the talks for the acquisition are still ongoing, despite recent reports the deal had fallen apart. Arapar, which is controlled by the Lorentzen Group, had agreed to sell the stake to VCP, giving it control of the company, for $1.7bn earlier this year, but the deal failed when Aracruz’s stock plummeted as the company posted derivatives-related

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