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View Full Version : Aracruz Agrees to Unwind Derivatives, Will Lose $2.13 Billion - Bloomberg



NewsWhore
11-04-2008, 09:10 AM
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Aracruz Agrees to Unwind Derivatives, Will Lose $2.13 Billion (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601086%26sid%3DasALFmUXJaPI%26refer%3Dnews&cid=1266749632&ei=kFkQSZPjI46SygSo1-yGDg&usg=AFQjCNFeOTc5jAB86tpRIz8qY-kaL1Eyrg)
Bloomberg - 38 minutes ago
... eucalyptus-pulp maker, reached an agreement with banks to unwind 97 percent of its wrong-way currency derivatives, leading to a loss of $2.13 billion. ...


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