Suzano sells land and forests to Bracell for $189 mm

Suzano announced agreements with specialty cellulose manufacturer Bracell to sell land, forests and wood, in a transaction totalling around $189 mm to reduce the company’s indebtedness. The properties involve 21,066 hectares in central São Paulo state, of which a portion will be sold and the rest refer to Suzano’s lease agreements.

Source: Portal do Agronegocios