June 16, 2017 / 6:15 PM / 2 months ago

Chile's forestry firm Arauco confirms in talks with Eldorado

SANTIAGO, June 16 (Reuters) - Arauco, a unit of Chile's Empresas Copec SA, confirmed on Friday that it had signed a non-disclosure agreement with Brazilian pulpmaker Eldorado Brasil Celulose SA, with the purpose of exploring "a possible investment."

Earlier on Friday, a source told Reuters that forestry company Arauco had placed a bid for Eldorado, which is also being courted by other firms.

Reporting by Rosalba O'Brien; Editing by Lisa Shumaker

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