S&P: Empresas CMPC unchanged

Standard & Poor's said its ratings on Empresas CMPC SA (A-/stable) would not be affected by the recent announcement of the acquisition of a majority stake in Absormex.

S&P said the acquisition cost, which includes cash payments for $15 million, and the addition of the $20 million of debt of the acquired company is not considered significant for Empresas CMPC.

This transaction follows the acquisition of Forestal Copihue and both are considered relatively small compared to CMPC's asset base, the agency said.

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