Suzano Closes 15% Stake Buyout Deal With Lenzing to Expand Business

Suzano S.A. (SUZ) announced that it closed the previously mentioned acquisition of a 15% stake in Lenzing from its current majority stakeholder, B&C Group. This move will help Suzano expand in new markets. Details on Suzano's Deal With B&C In June 2024, Suzano and B&C announced that they would form a long-term syndicate to together hold a 52.25% stake in the Vienna-based cellulosic fibers supplier company, Lenzing. Per their deal, Suzano will acquire a 15% stake in Lenzing and B&C will hold the majority of ...