Brazil's Fibria not eyeing rival Eldorado, chairman says

Friday, June 2, 2017 11:15 am

Brazil's Fibria not eyeing rival Eldorado, chairman says | Eldorado Brasil, Brazil, pulp, corruption, Fibria,

BRAZIL (From news reports) -- Brazilian wood pulp producer Fibria Celulose SA is not currently discussing acquiring rival Eldorado Brasil Celulose SA, focusing 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.