Suzano Papel e Celulose SA (SUZ) has released an update.
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Suzano Papel e Celulose SA has completed the acquisition of a 15% minority stake in Lenzing, a leading sustainable specialty fiber company. The deal, which cost EUR 229.97 million, also includes rights for Suzano to appoint two members to Lenzing’s Supervisory Board and potential controlling interest. This strategic move aligns with Suzano’s expansion and sustainability goals, and it is not expected to significantly impact the company’s financial leverage or indebtedness.
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