Menu

4. Investments in subsidiaries

The company holds the following direct investments:

            31 December 2018           31 December 2017
Company   Currency
  Nominal
share capital
  Voting rights
and Participation
  Currency
  Nominal
share capital
  Voting rights
and Participation
Precious Woods Management Ltd.   USD   20 000   100.00%   USD   20 000   100.00%
British Virgin Islands (sub-holding)                        
Madeiras Preciosas de Amazonia Manejo Ltda.   BRL   4 400 000   99.98%   BRL   4 400 000   99.98%
Brazil (sub-holding company) 0.02% of the shares are held by Precious Woods Management Ltd., B.V.I.                        
MIL Madeiras Preciosas Ltda.   BRL   68 074 251   97.30%   BRL   68 074 251   97.30%
Brazil (land and forest operations) 2.7% of the shares are held by Madeiras Preciosas de Amazonia Manejo Ltda., Brazil                        
Precious Woods do Pará S.A.   BRL   1 003   100.00%   BRL   1 003   100.00%
Brazil (sub-holding company, land and forest operations)                        
Precious Woods Manejo Florestal Ltda.   BRL   24 429 917   100.00%   BRL   24 429 917   100.00%
Brazil (land and forest operations)                        
Precious Woods Europe B.V.   EUR   18 000   100.00%   EUR   18 000   100.00%
Netherlands (timber trade)                        
Unio S.A.   EUR   1 000 000   100.00%   EUR   1 000 000   100.00%
Luxembourg (sub-holding for Gabonese entities)                        
Lastour & Co. S.A.   EUR   372 575   100.00%   EUR   372 575   100.00%
Luxembourg (sub-holding for Gabonese entities)                        
BRL – Brazilian real
EUR – European euro
USD – US dollar