Article: Masisa Sells 0.5% of Forestal Tornagaleones

SANTIAGO, Chile, Aug. 20 /PRNewswire/ -- Maderas y Sinteticos S.A. (MASISA) (NYSE: MYS), Chile's leading board manufacturer, announced today that in a Board meeting held on August 19, 1996, the Board approved the sale of 0.5% of its current 54% stake in its subsidiary Forestal Tornagaleones S.A. for a total consideration of approximately US$475 thousand. The buyer is Rawson Investments Limited, a foreign institutional investor.

With this transaction, MASISA reduced its ownership of Forestal Tornagaleones from 54% to 53.5%.

MASISA is the leading manufacturer in Chile of raw, melamine laminated and wood veneer particle board, ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!