The transaction will be completed in accordance with the plan announced on March 16, 2018, when the merger agreement was signed. On September 13, 2018, at their extraordinary general meetings, the shareholders of Suzano and Fibria agreed to the terms of the company`s restructuring. The final stage of the merger was completed today, the result of a strategic effort in 2018. The agreement was approved by antitrust authorities in the United States, China, Turkey, Europe and Brazil. The restructuring of the company involves a number of steps. Each Fibria shareholder receives 0.4611 common shares of Suzano and R 52.50 per common share, adjusted in accordance with the merger agreement approved by the shareholders. The total amount payable at the closing of the transaction, january 14, will be announced to the market on January 10. With the merger between Suzano and Fibria, Suzano begins a new path to the future. “We are very motivated by the challenge of continuing to reinvent ourselves to generate even more positive effects for society,” said Walter Schalka. The merger is one of the largest companies in Brazil Meanwhile, the necessary measures to the stock exchange have been successfully accomplished.
In December 2018, the company began negotiating the NYSE with U.S. deposit units (ADSs). Listing on the NYSE increases liquidity and improves visibility while increasing the value of the business abroad. Now, with the completion of the merger, Suzano has combined its shares with Fibria`s, and the new shares are traded under the symbol “ZUZ” on the Sao Paulo Stock Exchange (B3) and on the NYSE. Suzano Papel e Celulose announces the signing of an agreement that will lead to the combination of assets and shares of Suzano and fibria Celulose S.A. The transaction is concluded after approval by the general meetings of Suzano and Fibria as well as by the supervisory authorities, and compliance with conditions with a typical precedent of this type of transaction. At the end of the transaction, Suzano will be the largest Brazilian agricultural company and the fifth largest non-financial company in the country.