Suzano Acquires 15% Stake in Lenzing AG for €230M, Forms Long-Term Partnership with B&C Group
Portfolio Pulse from Benzinga Newsdesk
Suzano S.A. has acquired a 15% stake in Lenzing AG for €230 million and formed a long-term partnership with B&C Group. Suzano has the option to acquire an additional 15% stake by 2028.
June 12, 2024 | 8:19 am
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Suzano S.A. has acquired a 15% stake in Lenzing AG for €230 million and formed a long-term partnership with B&C Group. This strategic move could enhance Suzano's market position in the cellulosic fibres industry.
The acquisition and partnership with B&C Group could strengthen Suzano's market position in the cellulosic fibres industry, potentially leading to positive short-term stock price movement.
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