J&F sheds more assets with US$4.7 billion Eldorado sale

Brazil's Lefosse Advogados has helped J&F sell pulp maker Eldorado Brasil Celulose for 15 billion reais (US$4.7 billion), as the company continues its divestment push to refinance debt and pay for a 10.3 billion-real leniency fine handed down in May.

J&F sheds more assets with US$4.7 billion Eldorado sale Joesley Batista, former chairman of meatpacker JBS , Flickr.com/AgênciaBrasilFotografias

The buyer, Netherland-based Paper Excellence, hired Shearman & Sterling LLP's São Paulo and New York offices and Brazilian firm Stocche Forbes Advogados. The deal was announced on 2 September.

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Reference

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Construction 2017

Chile

Alfonso Reymond Larraín and Rodrigo Riquelme Yanez

Reymond & Cía

Brazil

Fernando Marcondes, Ricardo Medina Salla, Marlon Shigueru Ushiro Ieiri, Adriana Regina Sarra de Deus and Juliana Yumi Shiina Morato

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