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VCP Acquires Safra's Stake in Aracruz
Sao Paulo, Brazil, 05 March 2009 -- Votorantim Celulose e Papel (VCP) has acquired 28% of the capital stock of Aracruz Celulose from the Safra family. With this acquisition, VCP now owns controlling interest of Aracruz, opening the way for the creation of a Brazilian global leader of the pulp and paper sector.

The company that will result from the integration of Aracruz and VCP will have a productive capacity of nearly 6 million tons of pulp per year, with a total of more than 1 million hectares of forestlands, of which nearly one half are set aside for permanent preservation, in six different Brazilian states (Espírito Santo, Bahia, Minas Gerais, Rio Grande do Sul, São Paulo, and Mato Grosso do Sul). The company will be responsible for some 15,000 jobs (its own and outsourced workers) and annual net revenues of approximately BRL 7 billion.

With global scale and presence, a 37% share of the eucalyptus pulp market, 22% of the hardwood market, and 12% of the world pulp market, the company plans to double its size by 2020, focusing on high return projects that are in line with the best sustainability practices. For the time being, the two companies will continue to operate independently.

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