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Fibria Closes Sale of Forest Assets in Brazil

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Fibria, Brazil, this week reported that it has closed on the sale of its forest and land assets in Bahia State, Brazil, for a total price of R$235 million. The assets include some 16,100 hectares of eucalyptus plantations.

Caravelas Florestal S.A., controlled by Fundo Florestas do Brasil FIP, made a closure payment of R$200 million to Fibria, and will pay the remaining R$35 million this November 14, after completing due diligence.

 
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