Central Puerto has acquired the forestry business entities of EVASA, located in Corrientes, as part of its forestry activity development strategy. CEO Fernando Bonnet said the move was a milestone for the company and a potential source of future business, including processing and industrialisation of timber, carbon bonds and energy generation from biomass.
- Central Puerto (NYSE:CEPU) acquired the forestry company EVASA, that company administers three business entities geographically located in the center of the province of Corrientes: Empresas Verdes Argentina, Las Misiones, and Estancia Celina.
- “This acquisition represents a milestone for us and our forestry activity development strategy, which we consider is key in the potential growth of Argentina. This sector can be a source of opportunities for future business, linked to the processing and industrialization of timber, carbon bonds, and energy generation from biomass,” stated Fernando Bonnet, CEO of Central Puerto.
Source: SeekingAlpha
