Suzano Papel E Celulose (SUZ) has released an update.
Suzano S.A.’s Fiscal Council has unanimously approved a capital increase of BRL 10 billion, capitalizing on the company’s Capital Increase Reserve balance without issuing new shares. The increase is in line with the Brazilian Corporation Law, aimed at maintaining statutory reserve limits and is set to be presented for approval at the upcoming Ordinary and Extraordinary General Meeting on April 25, 2024. This strategic financial move could potentially enhance Suzano’s market standing without diluting current shareholders.
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