June 1, 2017 / 1:50 PM / in 5 months

Brazil's Fibria not eyeing rival Eldorado, chairman says

SAO PAULO (Reuters) - Brazilian wood pulp producer Fibria Celulose SA (FIBR3.SA) is not currently discussing acquiring rival Eldorado Brasil Celulose SA, focussing instead on organic growth, Chairman José Penido said on Thursday.

Some investors have speculated that Eldorado owner J&F Investimentos could sell assets to pay a 10.3 billion real ($3.2 billion) fine for its participation in a corruption scheme.

Reporting by Gabriela Mello; Writing by Bruno Federowski; Editing by Chizu Nomiyama

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