Suzano S.A. has acquired a 15% stake in Lenzing AG from the B&C Group, establishing a strategic partnership aimed at enhancing sustainability and competitiveness in the global cellulose fiber market.

Information on the Target

Suzano S.A., a leading global producer of pulp, has acquired a 15% stake in Lenzing AG from the B&C Group. This deal, announced in June 2024, became effective on August 30, 2024, after receiving necessary regulatory approvals. Lenzing AG is recognized as a top supplier of sustainable premium cellulose fibers, making it a strategic addition for Suzano. The transaction involves a purchase price of €39.70 per share, resulting in a total deal volume of €230 million. Suzano will be represented on Lenzing's supervisory board with two members.

Furthermore, the B&C Group and Suzano have established a long-term shareholder syndicate, which collectively holds over 52.25% of voting rights in Lenzing, with the B&C controlling 37.25% of these rights. Suzano has the option to acquire an additional 15% stake from B&C by the end of 2028, ensuring that the B&C remains a key long-term shareholder of Lenzing.

Industry Overview

The cellulose fiber industry, particularly in Austria, where Lenzing is based, is characterized by a strong focus on sustainability and innovation. Austria has positioned itself as a leader in environmental responsibility, with companies lik