Click here for Pulp & Paper Radio International
The Paperitalo Library
Free Downloads
My Profile
Brazilian court authorizes Paper Excellence to conclude Eldorado acquisition

SAO PAULO (From news reports) - A Brazilian judge has authorized pulp maker Paper Excellence to conclude the acquisition of Eldorado Brasil Celulose SA, the Brazilian company said in a securities filing.

The judge revoked a previous decision that suspended the result of an arbitration between J&F Investimentos, which controls Eldorado, and Paper Excellence, over a deal signed in September 2017 but never concluded.

The filing said the court case is sealed. In February, an arbitration decided Paper Excellence had the right to conclude the deal to reach 100% of the company's capital. J&F, owned by meatpacking moguls Wesley and Joesley Batista, appealed to a Brazilian court and had obtained a decision suspending the deal.

Readers, please tell your suppliers that you read Paperitalo Publications


Related Articles:

Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: