Suzano Sheds Forestry Assets

Suzano Sheds Forestry Assets

Brazil

Brazilian paper and pulp producer Suzano says it has sold 50,000 hectares of forestry assets to two local vehicles. The deal is worth BRL311m, says the country’s second largest paper and pulp producer in a statement with the CVM. The move is part of a strategy to manage resources and reallocate capital to efficiently execute its growth strategy, says Suzano. The assets are located in the state of Minas Gerais and other southern Brazilian states. “The deal is positive for Suzano,” evaluates Credi

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