Fibria denies teaming up with Chile's Copec unit for Eldorado

Friday, June 30, 2017 11:15 am

Fibria denies teaming up with Chile's Copec unit for Eldorado | Fibria, Eldorado Brasil, Brazil, pulp,

BRAZIL (From news reports) -- Brazil's Fibria SA, the world's No. 1 eucalyptus pulpmaker, denied media reports that it is analyzing an association with Chile's Empresas Copec SA unit Arauco to bid for rival Eldorado Brasil Celulose SA, it said in a securities filing on Thursday.

J&F Investimentos SA, controlled by the billionaire Batista family, owns 81 percent of Eldorado and is selling its main assets after its owners were ensnared in a corruption scandal. Reuters reported Copec was interested in the company on June 16.

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