Extension of Letter of Intent
The previous Letter of Intent (LOI) that Eternali has entered into, has been extended as the result of a joint discussion with the selling party. It simply takes longer time than expected to finalize our due diligence, but work continues and we have no reason to change our view on the acquisition, says Gustavo Silveira, chairman of Eternali.
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Eternali is in the business of owning, managing and developing forest in Brazil and elsewhere to produce raw material for a sustainable world. The company is preparing for a listing in the first quarter of 2021.