VCP and Aracruz miss out on majority Cenibra stake.VCP VCP Verband Christlicher Pfadfinderinnen und Pfadfinder (German Scouts) VCP VMware Certified Professional VCP Voluntary Cleanup Program VCP Virtual Control Panel VCP Video Cassette Player VCP Vietnamese Communist Party and Aracruz miss out on majority Cenibra stake. Companhia Vale do Rio Doce Summary Companhia Vale do Rio Doce (CVRD) is a global diversified mining company, the second largest mining company in the world, and the largest logistics operator in Brazil. (CVRD CVRD Companhia Vale do Rio Doce (Brazilian mining company) CVRD Cowichan Valley Regional District (Vacouver Island, British Columbia, Canada) CVRD Converter, Variable Resistance, to DC Voltage ) is now selling its 51.5% stake in Celulose Nipo-Brasileira (Cenibra) to Japan Brazil Paper and Pulp Resources Development (JBP JBP Japanese Black Pine (plant species) JBP Joint Business Plan JBP Joint Blood Program ). As the owner of the rest of Cenibra's shares, JPB--a consortium of Japanese companies led by Oji Paper--had the option to match the highest bid made for the shareholding at auction, which was an offer of $670.5 million put in by VCP and Aracruz. Provided the sale is completed as expected--closing is scheduled for 27 August--this will give JBP 100% of Cenibra, Brazil's second-largest eucalyptus market pulp producer, with a nominal capacity of 820,000 tpy at its pulp mill in Belo Oriente. |
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