Reuters: Mergers News: Chile Copec forestry arm buys Canada panel firm

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Chile Copec forestry arm buys Canada panel firm Jun 8th 2012, 17:24 June 8 | Fri Jun 8, 2012 1:24pm EDT June 8 (Reuters) - Chilean conglomerate Copec's forestry arm Arauco said on Friday its Canadian unit would buy Canada's wood panel company Flakeboard for $242.5 million. Copec, which owns the world's second-biggest wood pulp producer and third-largest commercial fishing company, and the main fuel distributor in Chile and Colombia, is on the lookout for more investment opportunities, CEO Eduardo Navarro told the Reuters Latin America Investment Summit last week.

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