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
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The mill, which began operating in 1928, quickly established itself as a leading supplier of kraftliner in France and then extended its reach throughout Europe. The Cellulose du Pin mill produces kraftliner from local maritime pine and recycled fibres and has a strategic location in the heart of the Aquitaine Forest beside a major transport route connecting Madrid, Bordeaux and Paris. The plant produces 500,000 tonnes of kraft annually. Click Read More below for additional information.