Indonesia's APP in advanced talks to buy Eldorado Brasil

Indonesia's APP in advanced talks to buy Eldorado Brasil

Photo: Asia Pulp & Paper website

Indonesia‘s Asia Pulp & Paper Co Ltd is in advanced talks to buy control of peer pulpmaker Eldorado Brasil Celulose SA, which went up for sale after controlling shareholders Wesley and Joesley Batista got ensnared in Brazil’s worst corruption probe, two people familiar with the situation said on Sunday.

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