Suzano (SUZ) Buys 15% Stake in Lenzing to Boost Market Presence [Yahoo! Finance]
Suzano S.A. American Depositary Shares (each representing One Ordinary Share) (SUZ)
Company Research
Source: Yahoo! Finance
The deal was set at 230 million euros ($249 million). Suzano and B&C will form a long-term syndicate to hold a 52.25% stake in the Vienna-based cellulosic fibers supplier company. B&C will hold the majority of the stake (37.25%) and remain the controlling member of the new syndicate. Under the deal, Suzano can acquire a further 15% stake in Lenzing from B&C until 2028. Lenzing is a global supplier of premium cellulosic fibers for the textile and non-woven industry. This deal will further strengthen Lenzing's position as a global market leader for sustainable cellulosic fibers. SUZ aims to boost Lenzing's position with its established technology, product range and technical knowledge. SUZ will gain from Lenzing's deep-rooted understanding of pulp production and cost excellence. The partnership will help Suzano to strengthen its competitive position and global presence. The transaction marks the continuation of Suzano's strategy to focus on investments, which will enlarge its a
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News
- Suzano Takes 15% Stake in Lenzing for Nearly $250M [Yahoo! Finance]Yahoo! Finance
- Lenzing AG: B&C Group and Suzano Enter Into Long-term Partnership [Yahoo! Finance]Yahoo! Finance
- Lenzing AG: B&C Group and Suzano Enter Into Long-term PartnershipBusiness Wire
- Are Investors Undervaluing Suzano (SUZ) Right Now? [Yahoo! Finance]Yahoo! Finance
- Suzano S.A. (NYSE: SUZ) was upgraded by analysts at Morgan Stanley from an "underweight" rating to an "equal weight" rating.MarketBeat
SUZ
Earnings
- 8/3/23 - Beat
SUZ
Sec Filings
- 6/12/24 - Form 6-K
- 6/12/24 - Form 6-K
- 5/30/24 - Form 6-K
- SUZ's page on the SEC website