June 23, 2021 |
Brazilian investment bank BTG Pactual and two international partners have agreed to financing terms to acquire timberland assets from Chilean pulp and paper producer Arauco for $326 million.
BTG Pactual's forestry fund, led by its Timberland Investment Group (TIG) subsidiary, will finance 20% of the purchase, the bank said in a securities filing.
Canadian institutional investor British Columbia Investment Management Corporation (BCI) and Dutch pension fund ABP will each finance 40% of the deal,
Brazilian investment bank divvies up a $326 mln timberland purchase with Canada's BCI the Netherlands' ABP