Suzano Closes 15% Stake Buyout Deal With Lenzing to Expand Business [Yahoo! Finance]
Suzano S.A. American Depositary Shares (each representing One Ordinary Share) (SUZ)
Company Research
Source: Yahoo! Finance
This move will help Suzano expand in new markets. Details on Suzano's Deal With B&C In June 2024, Suzano and B&C announced that they would form a long-term syndicate to together hold a 52.25% stake in the Vienna-based cellulosic fibers supplier company, Lenzing. Per their deal, Suzano will acquire a 15% stake in Lenzing and B&C will hold the majority of the stake (37.25%) and remain the controlling member of the new syndicate. Along with the 15% stake, Suzano received the right to two seats on Lenzing's board of directors. As part of the long-term partnership, Suzano has the choice to acquire another 15% stake in Lenzinga from B&C until 2028. Transaction to Boost Lenzing & SUZ's Position 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
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News
- Suzano completes purchase of 15% stake in Lenzing AGBusiness Wire
- Suzano S.A. (SUZ) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Suzano reports Adjusted EBITDA of R$6.3 billion in the second quarter of 2024Business Wire
- Funds Managed by BTG Pactual Timberland Investment Group Sell Nearly 70,000 Hectares to Suzano for Approximately R$ 2.123 Billion in Mato Grosso do Sul, Brazil [Yahoo! Finance]Yahoo! Finance
- Suzano Starts Operation of the World’s Largest Pulp Production LineBusiness Wire
SUZ
Sec Filings
- 8/30/24 - Form 6-K
- 8/30/24 - Form 6-K
- 8/30/24 - Form 6-K
- SUZ's page on the SEC website