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ARTICLE · 04 DECEMBER 2017

Masisa Sells Its Brazilian Subsidiary

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Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados' São Paulo office has helped Chilean wood products company Arauco buy two timber factories in Brazil from counterpart Masisa for US$103 million.

ChileCorporate/Commercial Law
Originally Published By Latin Lawyer
Originally Published By Latin Lawyer

Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados' São Paulo office has helped Chilean wood products company Arauco buy two timber factories in Brazil from counterpart Masisa for US$103 million.

Masisa relied on Pinheiro Neto Advogados in São Paulo and Carey in Santiago.

Portaluppi, Guzman y Bezanilla in Santiago is also thought to have assisted the buyers, but this could not be confirmed prior to publication.

The deal was announced on 7 September. Closing is subject to regulatory and antitrust approval.

Masisa, which is also a Chilean company, will part with its entire Brazilian business on closing. This includes two industrial complexes located in the southern states of Paraná and Rio Grande do Sul.

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