Bracell SP Celulose Ltda. and Turvinho Participacoes Ltda. agreed to acquire Certain forestry assets from Suzano S.A. for BRL 1.06 billion.
November 20, 2020
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Bracell SP Celulose Ltda. and Turvinho Participacoes Ltda. agreed to acquire Certain forestry assets from Suzano S.A. (BOVESPA:SUZB3) for BRL 1.06 billion on November 20,2020. Suzano S.A. entered into an agreement for Purchase and Sale of Timber, Commitment to Purchase and Sale of Rural Properties and Other Covenants. The consummation of the Transaction is subject to certain conditions applicable to operations of this kind, including approval by the antitrust agency CADE. André Calumby, Andrea Caliento, José Carlos Berardo, Ricardo Bolan, Fabiane Ortiz, Pedro Simõe, Henrique Miguel, Elen Lizas and Emmanuel Abrantes of Lefosse Advogados acted as legal advisors for Bracell SP Celulose Ltda and Turvinho Participacoes Ltda. Mariana Cortez, Tomaz Matheus and Veronica Linardi. of Koury Lopes Advogados acted as legal advisors for Suzano S.A.
Suzano SA, formerly Suzano Papel e Celulose SA is a Brazil-based forestry company. It is a developer of products made from eucalyptus forests and a vertically integrated producer of eucalyptus pulp and paper in Latin America. Its purpose is to manufacture, trade, import and export pulp, paper and other products. The Companyâs product portfolio includes coated and uncoated printing and writing paper, paperboard, tissue paper, market pulp and fluff pulp. Suzanoâs operations are divided into two segments: Pulp and Paper. The Pulp segment includes the production and commercialization of eucalyptus pulp for the foreign market, with the surplus destined for the domestic market, while the Paper segment covers the activities of production and sale of uncoated and coated paperboard and tissue. The Company has numerous subsidiaries, including Fibria Terminal de Celulose de Santos Spe SA, FuturaGene Biotechnology Shanghai Co Ltd and Suzano Pulp and Paper Europe SA.