Suzano, the world’s largest pulp producer, has successfully completed the acquisition of a 15 per cent stake in Lenzing AG, a leading global supplier of sustainable cellulosic fibres.
The stake was purchased from B&C Group for € 230 million (€ 39.70 per share). The deal, first announced in June, received regulatory approval without any restrictions.
This partnership allows Suzano to hold two seats on Lenzing’s Board and includes an option to buy an additional 15 per cent stake from B&C Group by the end of 2028.
After the sale, B&C Group retains a 37.25 per cent share in Lenzing, which specializes in producing premium wood-based fibres used in clothing, home textiles, hygiene products, and non-woven materials.
