Arauco do Brasil S.A. signed an agreement to acquire Masisa Do Brasil Ltda. from Masisa S.A. (SNSE:MASISA) for approximately $100 million on September 8, 2017. As a part of consideration, Arauco do Brasil S.A. will pay $58.1 million and will assume debt of $44.7 million. The deal is subject to approval of the Brazilian antitrust authority, Conselho Administrativo de Defesa Económica (CADE). The transaction is expected to be completed in the following three months. As of November 16, 2017, the deal has been approved by Cade. UBS Securities LLC acted as financial advisor to Masisa S.A. Arauco do Brasil S.A. completed the acquisition of Masisa Do Brasil Ltda. from Masisa S.A. (SNSE:MASISA) on December 6, 2017.