Arauco Sells Chilean Timberland to Investor Group led by BTG Pactual

Celulosa Arauco y Constitución (Arauco) sold approximately 80,500 hectares of timberlands in the central and southern regions of Chile for $385.5 million from an investor group. The investor group is led by BTG Pactual’s Timberland Investment Group (TIG). Other investors in the consortium include British Columbia Investment Management Corporation (BCI) and APG Asset Management. The transaction is subject to customary closing conditions, including antitrust approvals, and is expected to close in the third quarter of 2021.

Source: SWIFI