Lenzing's main shareholder, the B&C Group, and the Brazilian pulp producer Suzano S/A recently signed a long-term partnership related to the majority shareholding in Lenzing. Under this agreement, Suzano will acquire a 15% stake in Lenzing AG from the B&C Group. Lenzing management welcomes the proposed transaction and looks forward to working with another core shareholder, they said.

Stephan Sielaff, CEO of the Lenzing Group, says: "Lenzing and Suzano are two companies that have come to know and appreciate each other as relevant players on the international pulp market in recent years. Based on its core competencies in pulp production and operational excellence, Suzano can make a valuable contribution to the successful implementation of our strategy. For us, the constellation of the now two strong core shareholders B&C Group and Suzano S/A is certainly a win."