Pulp industry consolidation progressing as Fibria and Suzano plan merger in mega deal

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The world’s two largest producers of hardwood pulp are planning to merge. The majority shareholders of Fibria Celulose S.A. and Suzano Papel e Celulose S.A. have decided after several weeks of negotiations to combine the two Brazilian firms, the Brazilian development bank BNDES announced. Via its subsidiary ...

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