Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados' São Paulo office has helped Chilean wood products company Arauco buy two timber factories in Brazil from counterpart Masisa for US$103 million.

Masisa relied on Pinheiro Neto Advogados in São Paulo and Carey in Santiago.

Portaluppi, Guzman y Bezanilla in Santiago is also thought to have assisted the buyers, but this could not be confirmed prior to publication.

The deal was announced on 7 September. Closing is subject to regulatory and antitrust approval.

Masisa, which is also a Chilean company, will part with its entire Brazilian business on closing. This includes two industrial complexes located in the southern states of Paraná and Rio Grande do Sul.

Counsel to Arauco

Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados

Partner João Ricardo de Azevedo Ribeiro, and associate Carolina Amadeu Vasconcelos in São Paulo

Counsel to Masisa

In-house counsel – Patricio Reyes Urrutia

Pinheiro Neto Advogados

Partners Miguel Tornovsky, Flávio Veitzman, Luciano Rossi and José Alexandre Buaiz Neto, and associates Rodrigo Moreira, Ligia Safra, Murillo Allevato, Flavio Coelho de Almeida, Marco Barbosa and Gabriela Assis Abdalla in São Paulo


Partner Francisco Ugarte and associate Alejandra Daroch in Santiago

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