Suzano Takes 15% Stake in Lenzing for Nearly $250M [Yahoo! Finance]
Suzano S.A. American Depositary Shares (each representing One Ordinary Share) (SUZ)
Company Research
Source: Yahoo! Finance
B&C Group, the current majority stakeholder of the Vienna-based cellulosic fibers supplier. More from Sourcing Journal How Manufacturers Are Adopting Circular Naia™ Renew for Denim Yaku Takes Home Challenge the Fabric 2024 Award 9 Sustainable Designers Vie for Challenge the Fabric's $10K Cash Prize Per the agreement, Suzano and B&C will form a long-term syndicate as the two will hold the majority—52.25 percent—stake in the company. The independent foundation holds a 37.25 percent stake in Lenzing and will remain the controlling member of the new syndicate, with Suzano holding the remaining 15 percent. “Lenzing and Suzano are two companies that have come to know and appreciate each other in recent years as relevant players on the international pulp market,” Stephan Sielaff , chief executive officer of the Lenzing Group, said. “Based on the core competencies in the area of pulp production and operational excellence, Suzano can make a valuable contribution to the successful i
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News
- Suzano (SUZ) Buys 15% Stake in Lenzing to Boost Market Presence [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