Home / Daily Briefs / 2021 / 23 / BTG Pactual settles financing terms for Arauco deal in Chile

BTG Pactual settles financing terms for Arauco deal in Chile

BTG Pactual settles financing terms for Arauco deal in Chile

June 23, 2021 | Charles Newbery
Brazilian investment bank divvies up a $326 mln timberland purchase with Canada's BCI the Netherlands' ABP

Corporate & Sovereign Strategy Equity M&A Andean Caribbean Latin America South America Chile Canada United States Netherlands

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,

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