June 16, 2017 / 1:13 PM / a year ago

Chile's Copec bids for Eldorado Brasil, source says

SAO PAULO, June 16 (Reuters) - A unit of Chile’s Empresas Copec SA has placed a bid for pulpmaker Eldorado Brasil Celulose SA, whose controlling family has put it on the block after signing a plea deal in Brazil, a person directly involved in the deal said on Friday.

According to the person, who asked for anonymity as terms of the deal remain private, Eldorado Brasil is also a target of interest from Brazilian pulp producers Suzano Papel & Celulose SA’s and Fibria SA. Both have been drawn by significant cost savings stemming from an acquisition, the person added.

A representative of Santiago-based Copec could not be immediately reached for comment. J&F, Fibria and Suzano did not have an immediate comment. (Reporting by Guillermo Parra-Bernal; Editing by Chizu Nomiyama)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below