March 16, 2018 / 12:14 PM / 2 years ago

Brazil's Suzano will pay 52.50 reais per share of Fibria in merger - statement

SAO PAULO, March 16 (Reuters) - Brazil’s Suzano Papel e Celulose SA will pay Fibria Celulose SA’s shareholders 52.50 reais ($15.92) per share in a merger that will create the world’s largest pulp maker, the companies said in statements on Friday.

Additionally, Fibria’s shareholders will receive 0.4611 shares of Suzano for every share they hold in Fibria.

$1 = 3.30 reais Reporting by Carolina Mandl and Gram Slattery

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