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Bulletin: Suzano Papel e Celulose S.A. Ratings Unaffected By Announced Purchase Of Assets
Standard & Poors, Dec 2010
Abstract
SAO PAULO (Standard & Poor's) Dec. 23, 2010--Standard & Poor's Ratings Services said today that its rating on Brazil-based pulp and paper producer Suzano Papel e Celulose S.A. (Suzano; BB+/Stable/--) is not affected by its offering to purchase 50% of Cons?rcio Paulista de Papel e Celulose - Conpacel, from Fibria Celulose S.A. (Fibria; BB/Positive/--). Suzano already owns 50% of Conpacel and should benefit from a larger market position in paper and strategic timberland. We expect Suzano to quickly benefit from operating synergies because integration risk is very low. The deal also involves the acquisition of KSR paper distribution operations, which adds to logistics and distribution capabilities in key markets in Brazil. The transaction is expected to close in first-quarter 2011.
Article Type:NEWS,BULLETIN
Companies mentioned in this report are: Suzano Papel e Celulose S.A.,Fibria Celulose S.A.
Action: Bulletin
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