Jul 03, 2012. /Lesprom Network/. Fibria closed the sale of forest assets and land located in southern Bahia State, Brazil, consisting of a total of approximately 16.1 thousand hectares of eucalyptus forest, for a total sale price of R$235 million, as PaperAge reported. The buyer, Caravelas Florestal S.A., controlled by Fundo Florestas do Brasil FIP, finalized the deal with the payment of R$ 200 million to Fibria. Fibria expects payment of the outstanding balance - R$ 35 million - on November 14, 2012, after the completion of due diligence by the purchaser. Fibria is a Brazilian pulp and paper company created by a merger between Aracruz and VCP, born positioned as a global leader in pulp, with production capacity exceeding 6 million tons of pulp and paper produced in 7 factories distributed in 5 Brazilian states. Much of this production is exported.