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Timberland Investment Partners with Columbia Investment Management and APG to Acquire Chilean Timberland Assets for USD 385.5m
Monday 17 May 2021

Atlanta, US-based timberland investment managers Timberland Investment Group has led a consortium, including Canada-based Columbia Investment Management Corp. and Netherlands-based pension provider APG, to acquire 80,500 hectares of timberland assets in Chile from Arauco for USD 385.5m, the company said.

The transaction is subject to customary closing conditions, including antitrust approvals, and is expected to close in 3Q21.

The transaction is comprised of high-quality, sustainably-managed timberlands in the central and southern regions of Chile and will establish the consortium's timberland presence in the country.

The acquisition supports the consortium's strategy of investing in timberland assets around the world that can achieve compelling investment returns, while applying high environmental, social and governance standards.

The timberlands in this transaction have all been certified with Arauco by the Forest Stewardship Council.

BTG Pactual (BPAC11) is a Latin American investment bank, operating in the Investment Banking, Corporate Lending, Sales and Trading, Wealth Management and Asset Management markets.

Timberland Investment Group, a division of BTG Pactual Asset Management, is a timberland investment managers with nearly USD 4bn in assets and commitments and 2.6m acres under management globally.
Date Published: 17/05/2021