# Suzano acquires 15% stake in Lenzing AG from B&C Group

Suzano S.A. acquired a 15% stake in Lenzing AG from B&C Group for EUR 230 million (EUR 39.70 per share), effective August 30, 2024. B&C and Suzano formed a shareholder syndicate holding 52.25% of Lenzing, with B&C as controlling partner.

- Type: Acquisition
- Announced: 2024-08-30
- Where: Lenzing, Austria
- Value: $255.0M (230.0M EUR)
- Status: completed
- Products: cellulosic fibres
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Suzano](https://endata.com/companies/4145.md) (acquirer)
- [B&C Group](https://endata.com/companies/7985.md) (partner)
- [Lenzing AG](https://endata.com/companies/20683.md) (target)

## Sources

- [bcgruppe.at](https://bcgruppe.at/en/lenzing-ag-long-term-partnership-between-bc-group-and-suzano-begins/), 2024-08-30: "Suzano now holds a 15 percent stake in Lenzing, a leading global supplier of sustainable premium cellulosic fibres."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.