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Brazil's Suzano will acquire a 51% controlling stake in a newly created joint venture with Kimberly-Clark for $1.734 billion in cash. The JV will focus on consumer and professional tissue products across more than 70 countries.
“The deal will see Brazil’s Suzano, the world’s largest pulp producer, acquire a 51 per cent controlling stake in a newly created joint venture, with Kimberly-Clark retaining the remaining 49 per cent.”asiantrader.biz
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