Suzano SA Board Approves $1.734 Billion Acquisition of Kimberly-Clark Subsidiary Shares in Extraordinary Meeting

Reuters
06-05
Suzano SA Board Approves $1.734 Billion Acquisition of Kimberly-Clark Subsidiary Shares in Extraordinary Meeting

Suzano SA's Board of Directors held an extraordinary meeting on June 4, 2025. The meeting, chaired by David Feffer, focused on key corporate decisions, including the acquisition by Suzano International Holding B.V. of 51% of a newly incorporated company in the Netherlands from Kimberly-Clark Corporation. The agreed purchase price is USD 1.734 billion, payable in cash, subject to adjustments. Additionally, certain global brands will be licensed to the Target Company on a royalty-free, long-term basis. A call option was also approved for Suzano to acquire K-C's 49% interest in the Target Company. The meeting authorized the execution of a joint venture agreement and provided for a guarantee by the Company for Suzano International Holding. The Board empowered the management to negotiate and execute necessary contracts to effectuate this acquisition. All resolutions were approved unanimously and without reservations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Suzano SA published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-25-029503), on June 05, 2025, and is solely responsible for the information contained therein.

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