Suzano completes acquisition of 15% stake in Lenzing AG

Suzano, the world’s largest pulp producer, today announces the completion of the acquisition of a 15% stake in Lenzing AG, the Vienna-listed leading global supplier of sustainable premium cellulose fibres for the textile and nonwovens industry, from B&C Group. As announced in June this year, the transaction value amounts to EUR 230 million (or EUR 39.70 per share). The deal was subject to regulatory approval, which was granted without restrictions.

The long-term partnership between Suzano and B&C Group includes the right for Suzano to hold two seats on Lenzing’s board of directors and the option to acquire an additional 15% stake in B&C Group until the end of 2028. Following the sale of the 15% stake, B&C Group now owns 37.25% of Lenzing’s share capital.