VCP Takes Over Aracruz

VCP Takes Over Aracruz

Funds

Brazil’s Votorantim Celulose e Papel (VCP) has agreed to acquire a 28% stake it does not own of Aracruz, opening the way for the creation of one of the top two paper and pulp companies in the country, alongside Suzano. Grupo Votorantim, VCP’s parent, and Grupo Safra, a financial investor in Aracruz, will jointly control the shares in the new company with a 50% stake, while VCP will own the rest. The move follows a similar divestiture by the Lorentzen Group in August, which also held a 28% stake

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