Brazil’s Suzano Papel e Celulose SA (SUZB3.SA) will pay Fibria Celulose SA’s (FIBR3.SA) shareholders 52.50 reais ($15.92) per share in a merger that will create the world’s largest pulp maker, the companies said in statements on Friday.
Additionally, Fibria’s shareholders will receive 0.4611 shares of Suzano for every share they hold in Fibria.
https://www.reuters.com/article/us-fibria-m-a-suzano-papel/brazils-suzano-will-pay-52-50-reais-per-share-of-fibria-in-merger-statement-idUSKCN1GS1JH
Related Posts
Water is one of the world’s most precious resources, and is inextricably linked to combating climate change. According to the UN, 2.2 billion people worldwide lack safe drinking water and the responsible use of water will help reduce floods, droughts, scarcity and pollution. As a leading manufacturer of packaging and paper, water is vital to our global operations and responsible water stewardship is central to how we do business. Since 2014 we have promoted a landscape approach to water stewardship, working together with farmers, local government, and industries, who all share a common interest in maintaining freshwater ecosystems and services.
The suspense is not completely over for Appleton Coated and its 620 employees.
The struggling paper mill's sale to Industrial Assets Corp., a used machinery dealer based in Los Angeles, progressed in a six-hour marathon hearing Monday before Outagamie County Circuit Court Judge Gregory Gill.
"I'm not going to take any action," Gill said late Monday. "We have definitive things in place but we're not at the finish line."
Lawyers have a maximum of five days to hash out the details of a hybrid agreement that states Industrial Assets will pay $20 million for Appleton Coated and at the same time market the mill as an ongoing operation for 45 days.
Mark Freedlander, an attorney for Industrial Assets, said "we have reached an agreement and we are responsible for marketing the entity as a going concern." Click Read More below for additional detail.
The continued rise in the prices of wood raw materials, the negative market development, especially for CTMP pulp produced in Rottneros Mill, and a weaker USD, have had a negative impact on the Rottneros Group's financial performance in the first quarter of 2025. The company thus expects a weaker result compared to the fourth quarter of 2024, when EBIT amounted to SEK -28 million. As a consequence of the weak development, the Group's ongoing focus on cost efficiencies has been further intensified. The company's report for the first quarter will be published on April 29, 2025.