Suzano completes purchase of 15% stake in Lenzing AG
Suzano S.A. American Depositary Shares (each representing One Ordinary Share) (SUZ)
Company Research
Source: Business Wire
Shares held by B&C Group were acquired for EUR 230 million SÃO PAULO--(BUSINESS WIRE)--Suzano, the world's largest pulp producer, today announces the completion of its acquisition of a 15% stake in Lenzing AG, the Vienna-listed leading global supplier of sustainable premium cellulosic fibres for the textile and non-wovens industry, from B&C Group. As announced in June this year, the transaction value is EUR 230 million (or EUR 39.70 per share). The agreement was subject to regulatory approval, which was granted without restrictions.The long-term partnership between Suzano and B&C Group establishes that Suzano has the right to hold two seats on Lenzing’s Board and the option to acquire an additional 15% stake from B&C Group until the end of 2028. Following the sale of the 15% stake, B&C Group now holds 37.25% of Lenzing’s share capital.Lenzing is a leading global supplier of premium wood-based cellulosic fibers (lyocell, modal, and viscose) for the production of clothing, home texti
Show less
Read more
Impact Snapshot
Event Time:
SUZ
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SUZ alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SUZ alerts
High impacting Suzano S.A. American Depositary Shares (each representing One Ordinary Share) news events
Weekly update
A roundup of the hottest topics
SUZ
News
- Suzano Closes 15% Stake Buyout Deal With Lenzing to Expand Business [Yahoo! Finance]Yahoo! Finance
- 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