Fibria Close to Asset Sales

Fibria Close to Asset Sales

Brazil M&A

Brazil’s Fibria is in talks with potential buyers for two non-essential assets worth up to BRL1bn and expects to make an announcement soon, according to company officials. “We should make a decision by the end of the first half [of 2011] to sell them or not,” Marcelo Castelli, its paper business, strategy and supply chain officer and forestry operations and technology officer, tells reporters in New York. The two assets it is separately shopping – the Piracicaba mill and the Projeto Losango fore

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