Weyerhaeuser divests Va. timberlands

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Weyerhaeuser sold approximately 107,000 acres of Central Virginia timberlands to BTG Pactual Timberland Investment Group for $193 million. This divestiture is part of Weyerhaeuser’s recent activity in the timberland market, which also included sales of timberlands in Oregon, Georgia, and Alabama. The transaction adds to BTG Pactual TIG’s U.S. portfolio, bringing their total managed acreage to about 1.6 million.

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