Klabin revealed on Tuesday (18) deals with a BTG Pactual fund and a Canadian investment firm for an extra R$ 1.2 billion in the Plateau forest asset management project.
The company’s management announced that they received investments from BTG Pactual Timberland Investment (TIG/Timo) and the British Columbia Investment Management Corporation (BCI).
Klabin announced that additional investments will be completed by the end of the fourth quarter of this year, leading to a total project investment of R$ 2.7 billion, in line with the initial announcement made in October 2024.
The Plateau Project, revealed on October 30, aimed to enhance the efficiency of Klabin’s forestry holdings in Paraná, São Paulo, and Santa Catarina through the establishment of 4 SPEs overseen by Klabin and involving Timo, a fund specializing in forest assets.
The company assigned the land usage rights to the SPEs and made a deal with Timo to buy wood from these lands.
Klabin retains control of the SPEs, owning 57% of the total capital and 92% of common shares. TIMO, however, has the right to receive dividends from the SPEs due to its ownership of preferred shares.
