Shares in Lenzing AG acquired for EUR 230 million
SÃO PAULO – Suzano, the leading global pulp producer, has successfully completed the acquisition of a 15% stake in Lenzing AG, a top supplier of sustainable premium cellulosic fibers based in Vienna. This strategic investment, valued at EUR 230 million (EUR 39.70 per share), enhances Suzano’s presence in the textile and non-woven sectors. The transaction received necessary regulatory approval without restrictions.
This partnership allows Suzano to appoint two members to Lenzing’s Board of Directors and grants the option to acquire an additional 15% stake from the B&C Group by the end of 2028. Following this acquisition, the B&C Group retains a 37.25% shareholding in Lenzing.
Lenzing is recognized for its innovative production of premium wood-based cellulosic fibers, including lyocell, modal, and viscose, used in clothing, home textiles, hygiene products, and non-woven materials.
Beto Abreu, CEO of Suzano, stated:
Lenzing’s strong history of innovation and cutting-edge technology positions it as a leader in creating sustainable solutions from wood. This acquisition aims to enhance our expertise in the textile market and bolster Lenzing’s competitive stance.
This acquisition supports Suzano’s strategic initiatives focused on expanding into new markets and promoting sustainability. The impact on the company’s financial leverage and overall indebtedness is minimal.
