Suzano SA's Board of Directors held an extraordinary meeting on June 4, 2025. The meeting, chaired by David Feffer, focused on key corporate decisions, including the acquisition by Suzano International Holding B.V. of 51% of a newly incorporated company in the Netherlands from Kimberly-Clark Corporation. The agreed purchase price is USD 1.734 billion, payable in cash, subject to adjustments. Additionally, certain global brands will be licensed to the Target Company on a royalty-free, long-term basis. A call option was also approved for Suzano to acquire K-C's 49% interest in the Target Company. The meeting authorized the execution of a joint venture agreement and provided for a guarantee by the Company for Suzano International Holding. The Board empowered the management to negotiate and execute necessary contracts to effectuate this acquisition. All resolutions were approved unanimously and without reservations.
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