Suzano acquires minority stake in Lenzing from B&C

Lenzing, the Austrian cellulosic fiber specialist, will become part-owned by Brazil's Suzano, which will acquire a 15% stake in Lenzing AG of the B&C group.

The companies said Suzano has “signed a long-term partnership with B&C regarding its majority stake in Lenzing AG.”

Under the terms of the agreement, Suzano will acquire the minority stake and the two shareholders “will form a long-term syndicate, which will own 52.25% of the company.”

This means that B&C's direct shareholding will now be 37.25% and it will retain its role as controlling member of the new union.

The price per share will be 39.70 euros, with a total acquisition price of 230 million euros that will be paid in full at closing.

As part of the agreement, Suzano also has the option to acquire an additional 15% stake in B&C until the end of 2028. The agreement also stipulates that B&C “will remain a committed long-term shareholder in the company.”

Suzano is the largest pulp producer in the world with annual net revenues of more than €7 billion in 2023.

It said it has a “long track record of operational excellence and commitment to sustainability at all stages of its processes, experience that will complement Lenzing's existing business model.”