Suzano Papel e Celulose SA (SUZ) has released an update.
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Suzano Papel e Celulose SA has announced its strategic partnership with B&C Holding Österreich GmbH, acquiring a 15% minority stake in Lenzing for EUR 229.97 million, with the option to increase control over Lenzing in the future. Lenzing, a leader in eco-friendly fiber production, aligns with Suzano’s goals to expand into new markets and champion sustainability. The deal is structured in two phases, subject to regulatory approvals, and is not expected to materially impact Suzano’s financial leverage.
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