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Botnia's Uruguayn forestry company purchased remaining 50% of Tile Forestal S.A.

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Botnia's forestry company in Uruguay, Forestal Oriental S.A. (FOSA) has
purchased the remaining shares of Tile Forestal S.A. from the Grupo Otegui, a
family-owned company, which is one of the largest forest owners in Uruguay.
With this share purchase FOSA reinforces its pulpwood supply logistics and
trading. 

Botnia S.A. has additionally entered a long-term agreement with COFUSA for wood
supplies to the Fray Bentos pulp mill. COFUSA is a forestry company owned by
Grupo Otegui. 

These activities are part of the cooperation between Grupo Otegui and Botnia
S.A. in Uruguay. Grupo Otegui will acquire 9 percent of the shares in Botnia
S.A. 





                                            

                

            

        

    

    



    

        
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