June 16, 2017 / 1:12 PM / a month ago

Chile's Copec bids for Eldorado Brasil, source says

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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)

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