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Arauco and Klabin take over Vale do Corisco

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Published in issue 45/2011
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Celulosa Arauco y Constitución has jointly taken over Brazilian forestry company Vale do Corisco with Centaurus Holdings, a wholly-owned subsidiary of Brazilian paper manufacturer Klabin, for a total of $473.5m. Arauco has a 49% stake in the company whereas Klabin’s subsidiary holds 51% of the share capital. Vale ...

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