Fibria to sell its paper mill in Piracicaba, Brazil, to Oji Paper for US$313M; agreement to close on Sept. 29
Kendall Sinclair
SAO PAULO
,
September 22, 2011
(press release)
–
In compliance with the provisions of article 157, §4o of Law 6.404/76, and CVM Instruction 358/2002, as amended, and in furtherance to the information disclosed in the Notice to the Market made on July 27, 2011 and the Material Fact of August 11, 2011, FIBRIA CELULOSE S.A. (BM&FBOVESPA: FIBR3 | NYSE: FBR) ("FIBRIA" or the “Company”) hereby announces that the Company today entered into the Quota Purchase and Sale Agreement with OJI PAPER CO., LTD., on an irrevocable basis, for the sale, by FIBRIA, of the assets that comprise the Company’s paper mill unit located in the city of Piracicaba, State of São Paulo, for the price of US$ 313,000,000.00 (three hundred and thirteen million North-American dollars). The closing of this transaction with the payment of the price shall occur on September 29, 2011.
The transaction under this Material Fact shall be submitted to the approval of the relevant governmental authorities.
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