Chile’s Arauco Sells Chilean Timberland to Investor Group led by BTG Pactual

Posted on 05/17/2021

Celulosa Arauco y Constitución (Arauco) is a Chilean wood pulp, engineered wood, and forestry company controlled by Anacleto Angelini’s economic group Empresas Copec S.A. (99.97805% ownership). Roberto Angelini Rossi and Patricia Angelini Rossi own Empresas Copec S.A.

Arauco sold approximately 80,500 hectares of timberlands in the central and southern regions of Chile for US$ 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 timberlands in this transaction have all been certified with Arauco by the Forest Stewardship Council (FSC).

The Timberland Investment Group has been searching for an opportunity to establish our presence in Chile for more than a decade.

The transaction is subject to customary closing conditions, including antitrust approvals, and is expected to close in the third quarter of 2021.

Keywords: Stichting Pensioenfonds ABP.

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