Suzano acquires Lenzing stake

VIENNA - Suzano, the world’s largest eucalyptus pulp producer, has struck a deal with Lenzing majority shareholder B&C Group to acquire a 15% stake in the cellulosic fibre manufacturer.

Under the terms of the €230 million ($247m) agreement, Brazil-based Suzano and B&C have also agreed a long-term ‘syndicate’ partnership which will continue to hold the majority stake of 52.25% in Lenzing.