Klingele Papierwerke GmbH & Co. KG signed an agreement to acquire Kraftliner Paper Mill of Klabin S.A. (BOVESPA:KLBN4) for approximately BRL 200 million on June 24, 2020. Under the terms of the transaction, approximately BRL 130 million will be paid at closing and the remaining in two annual installments duly adjusted, subject to certain contractual conditions. The transaction is subject to the approval of the Administrative Council for Economic Defense (CADE) of the Acquisition of International Paper's assets in Brazil.