Suzano Papel e Celulose SA (SUZ) has released an update.
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Suzano Papel e Celulose SA’s Fiscal Council has unanimously approved a merger with five companies, with the valuations provided in detailed appraisal reports. The merger, which will not increase Suzano’s capital as it already holds 100% of the merging companies, is set to streamline operations without impacting share ratios. This decision is now poised for final approval at the forthcoming Extraordinary General Meeting on September 30, 2024.
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