Fibria gets waiver approval; invests in forestry technology

SAO PAULO, Oct. 9, 2018 (PPI Latin America) -Brazilian bleached eucalyptus kraft (BEK) producer Fibria was able to obtain the approval of the waiver to the rights to declare the early maturity of six of nine current series of its Agribusiness Receivables Certificates (CRAs). The move is another step taken by the company to get ready for the potential merger deal with Suzano.

Fibria stated that the agreement involves the payment of a premium of 0.40%. The principal amount of these six series for which waivers were approved total Real 3.3 billion ($867 million) and the premium payment will be an ...

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