Pulp manufacturer Suzano announced this Thursday that it has signed a contract for the acquisition of all shares held by Arapar and by the Florestais FIP investment fund in Vitex Participações and Parkia Participações for US$667 million (approximately R$3.3 billion) .
The payment will be in two installments, the first at the closing of the transaction and the second after twelve months, the company said in a material fact. The agreement still requires the approval of the Administrative Council for Economic Defense (Cade).
