What is the status of the EU antitrust approval for Suzano's $3.4 billion joint venture with Kimberly-Clark?

Brazil's Suzano is set to receive unconditional EU antitrust approval for its $3.4 billion joint venture with Kimberly-Clark, following the European Commission's preliminary review ending on May 11; the watchdog found no competition concerns and will grant full clearance, according to two people with direct knowledge of the matter.

What does the joint venture between Suzano and Kimberly-Clark entail in terms of ownership, brands, and global footprint?

The joint venture will control Kimberly-Clark's international tissue business—including brands Kleenex, Scott, and Cottonelle—with Suzano holding a 51% stake and Kimberly-Clark 49%; Suzano has a call option to acquire the remaining stake, and the JV will operate 22 manufacturing facilities across 14 countries in Europe, Asia, the Middle East, South America, Central America, Africa, and Oceania.

Brazil pulp giant Suzano set to win full EU nod for $3.4 billion Kimberly-Clark deal, sources say

ChemBrief

Brazil pulp giant Suzano set to win full EU nod for $3.4 billion Kimberly-Clark deal, sources say — ChemBrief Topics

Brazil pulp giant Suzano set to win full EU nod for $3.4 billion Kimberly-Clark deal, sources say

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