Phaunos Timber Fund has sold the Cerro Chato plantation, which is part of its Pradera Roja investment and comprises approximately 690 hectares with over 490 hectares planted in various Eucalyptus species, to a private investor.
The company has pocketed $2.9m from the sale, significantly above the $2.0m it was valued at in December last year and more than double the $1.3m the firm paid for it in 2009.
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