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VCP and Aracruz waiting for Arainvest’s decision

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Published in issue 5/2009
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After Votorantim Celulose e Papel S.A. (VCP) acquired a 28.03% stake in Aracruz Celulose S.A. from the Lorentzen, Moreira Salles and Almeida Braga families on 21 January, the planned merger of the two Brazilian pulp and paper companies now depends on the decision of Arainvest Participações S.A. regarding its stake ...

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