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]
Suzano S.A. American Depositary Shares (each representing One Ordinary Share) (SUZ)
Company Research
Source: Yahoo! Finance
NEW YORK, August 01, 2024 BUSINESS WIRE )--The BTG Pactual Timberland Investment Group, LLC (TIG) announced today the completion of a sale of approximately 70,000 hectares from its core Latin America timberland strategy to Suzano S.A. (Suzano) for R$2,122,859,858. This is the largest timberland transaction to date in Mato Grosso do Sul and one of the largest ever in Brazil. The assets, located in the Brazilian state of Mato Grosso do Sul, are certified to the Forest Stewardship Council (FSC) sustainability standard, and contain approximately 50,000 hectares of productive area. Mato Grosso do Sul is a strategic location for pulp expansion projects and sits within the coverage region of Suzano's operations. Gerrity Lansing, Head of TIG, said, "These assets were initially acquired as part of TIG's core Latin America timberland strategy, which targets mature, sustainable timberland assets in established markets such as Chile, Uruguay, and Brazil. We are pleased to sell these consolid
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News
- Suzano Closes 15% Stake Buyout Deal With Lenzing to Expand Business [Yahoo! Finance]Yahoo! Finance
- 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
- 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