CFO Channel
CFO of the Year 2015: Antonio Sergio Alfano
CFO-SaoPaulo-081115-img--582

31st August 2015

Antonio Sergio Alfano, CFO and investor relations officer, Klabin S.A. has won Latin Trade’s CFO of the Year 2015 Award.
By Thierry Ogier
Antonio Sergio Alfano, CFO and investor relations officer, Klabin S.A. has won Latin Trade’s CFO of the Year 2015 Award.
Antonio Alfano’s career with Klabin, which started in 1974, will have reached a new high next year when a new $2.2 billion plant in Paraná is due to be completed.
Latin Trade interviewed Alfano during the Sao Paulo CFO Forum:
What do you consider being your greatest achievement?
The award marked the outcome of the completion of this new $2.2 billion plant in Paraná] project that we had been dreaming about since 2003 and that will become a reality by the end of March 2016. The planted area had to increase by 110,000 hectares to supply the plant in the state of Paraná. It was a project that required a lot of determination and discipline to be completed.
How was the funding process?
The project was approved only after the funding was secured. It was negotiated up until the first quarter of 2014. It includes a capital increase, with the support of BNDES, and support from Finland’s Finnvera for the imported components, as well as $300 million from the Inter-American Development Bank for other parts of the project.
The first thing we did was a mandatory convertible debenture of $469.5 million that will be transformed into equity in 2018 or in 2019, depending on certain criteria. We also negotiated with the …

Click here : Log In To Read The Full Story
Subscribe to latin trade magazine
Click here to begin a subscription for Latin Trade magazine, available both in print and online.
Subscribe to lt.com
Click here to begin an online subscription to LT.com, with its extensive ranking, indices, and market intelligence on Latin America.
Subscribe to free Newsletter
Subscribe here to our free newsletter – getting the latest business headlines from Latin America in your inbox every day.
LOGIN
FOR READ MORE LOGIN
LOGIN
LOGIN
Forgot your password
SEND
READ MORE
Aenean sollicitudin, lorem quis bibendum auctor, nisi elit consequat ipsum, nec sagittis sem nibh id elit. Duis sed odio sit amet nibh vulputate cursus a sit amet mauris. Morbi accumsan ipsum velit. Nam nec tellus a odio tincidunt auctor a ornare odio. Sed non mauris vitae erat consequat auctor eu in elit.Aenean sollicitudin, lorem quis bibendum auctor, nisi elit consequat ipsum, nec sagittis sem nibh id elit. Duis sed odio sit amet nibh vulputate cursus a sit amet mauris. Morbi accumsan ipsum velit. Nam nec tellus a odio tincidunt auctor a ornare odio. Sed non mauris vitae erat consequat auctor eu in elit.
Read the current issue of Latin Trade Magazine

Access Denied

Please log in or register

Read Our Latest Issue

latintrade-followus-spanish
FOLLOW US