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Companies in the timber industry / Daily News / Forestry / Wood Products / Global / South America
April 16, 2019

Masisa to sell forestry assets in Chile and Argentina

Masisa to sell forestry assets in Chile and Argentina
With the aim of strengthening and boosting Masisa’s new commercial strategy, with a focus on the Pacific and the end customer, the Board of Directors agreed to initiate an open and competitive process for the sale of the forest assets that Masisa owns in Chile and Argentina.    The Board of Directors considered that for this new focus vertical integration is not a determining factor, and that this process represents an opportunity to maximize the value of the forest assets and to generate tangible value for all the Company's shareholders. Masisa has hired UBS Investment ...

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