Suzano S.A. entered into the Share Purchase agreement to acquire Vitex SP Participações S.A. and Vitex BA Participações S.A. and Vitex ES Participações S.A. and Vitex MS Participações S.A. and Parkia SP Participações S.A. and Parkia BA Participações S.A. and Parkia ES Participações S.A. and Parkia MS Participações S.A. from Arapar Participações S.A. and Investimentos Florestais - Fun
May 03, 2022
Share
Suzano S.A. (BOVESPA:SUZB3) entered into the Share Purchase agreement to acquire Vitex SP Participações S.A. and Vitex BA Participações S.A. and Vitex ES Participações S.A. and Vitex MS Participações S.A. and Parkia SP Participações S.A. and Parkia BA Participações S.A. and Parkia ES Participações S.A. and Parkia MS Participações S.A. from Arapar Participações S.A. and Investimentos Florestais - Fundo de Investimento em Participações Multiestratégia for $0.667 million on April 27, 2022. In consideration for the shares of the Target Companies, the Company agreed to pay a base price in the amount equivalent to $667 million on the date of signature of the contract, in two installments, the first being due at the closing of the Transaction and the second one after twelve months from the closing of the Transaction. The closing of the Transaction is subject to the fulfillment of conditions precedent, market practice in similar transactions, including the approval of the Transaction by the Brazilian antitrust authorities. Credit Suisse International acted as financial advisor to Vitex SP/BA/ES/MS Participações S.A./Parkia SP/BA/ES/MS Participações 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.
Suzano S.A. entered into the Share Purchase agreement to acquire Vitex SP Participações S.A. and Vitex BA Participações S.A. and Vitex ES Participações S.A. and Vitex MS Participações S.A. and Parkia SP Participações S.A. and Parkia BA Participações S.A. and Parkia ES Participações S.A. and Parkia MS Participações S.A. from Arapar Participações S.A. and Investimentos Florestais - Fun