Reuters logo
STXNEWS LATAM-Brazil's Fibria sells land, assets for $117 mln
July 2, 2012 / 5:31 PM / 5 years ago

STXNEWS LATAM-Brazil's Fibria sells land, assets for $117 mln

Brazilian wood pulp producer Fibria moved toward concluding the sale of land and forest assets in the northeastern state of Bahia to Caravelas Florestal with a 200 million reais ($99 million) payment, according to a Monday securities filing.

Another 35 million reais are due in November. Fibria announced the deal in March as part of a plan to sell assets and new shares to help pay down debt.

$1 = 2.02 Brazilian reais

Our Standards:The Thomson Reuters Trust Principles.
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