Lenzing AG: B&C Group and Suzano Enter Into Long-term Partnership [Yahoo! Finance]
Suzano S.A. American Depositary Shares (each representing One Ordinary Share) (SUZ)
Company Research
Source: Yahoo! Finance
VIENNA, June 12, 2024 BUSINESS WIRE )--B&C Group ("B&C") and Suzano S.A. ("Suzano") today announce that Suzano has entered into a long-term partnership with B&C with respect to its majority stake in Lenzing AG ("Lenzing" or "the company"), the Vienna-listed leading global supplier of cellulosic fibres for the textile and non-wovens industry. Under the terms of the agreement, Suzano will acquire a 15 percent stake in Lenzing from B&C and the two shareholders will form a long-term syndicate which will hold the majority stake (52.25 percent) in the company. Subject to the closing of the transaction, B&C will hold a 37.25 percent stake in Lenzing and keep the role as controlling member of the new syndicate, with Suzano holding the minority stake of 15 percent. The price per share will be EUR 39.70, with a total acquisition purchase price of EUR 230 million to be fully paid at closing. As part of the long-term partnership, Suzano has the option to acquire an additional 15 percent stak
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News
- Suzano (SUZ) Buys 15% Stake in Lenzing to Boost Market Presence [Yahoo! Finance]Yahoo! Finance
- Suzano Takes 15% Stake in Lenzing for Nearly $250M [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