BNDES says profits from pulp players should remain in Brazil; approves sale of Eldorado to PE

SAO PAULO, Oct. 24, 2017 (PPI Latin America) -The CEO of Brazilian Development Bank (BNDES), Paulo Rabello de Castro, stated on Nov. 23 during the 50thconference held by the Brazilian Pulp and Paper Technical Assn. (ABTCP) that the "profits from this sector, which largely benefited from the bank's funding, should stay in the country, even though new immigrants are welcome," in a clear reference to foreign groups that operate in Brazil.

According to Castro, BNDES wants to continue supporting the sector's growth in the future. He reminded the audience that the bank has part-funded the last five large mills that started ...

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