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Brazil's Fibria denies teaming up with Chile's Copec unit for Eldorado
June 29, 2017 / 9:41 PM / 3 months ago

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

SAO PAULO, June 29 (Reuters) - 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. (Reporting by Tatiana Bautzer; Editing by Bill Trott)

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