EU Clears Suzano's Over $3 Billion Deal for Kimberly-Clark's International Tissue Business

The European Union has approved Suzano's acquisition of a majority stake in Kimberly-Clark's International Family Care & Professional business for over $3 billion. The EU stated that the deal would not raise competition concerns, as rival tissue producers will still have access to sufficient supplies of bleached eucalyptus kraft pulp. The European Commission emphasized that competitors would have alternative suppliers available, ensuring a competitive market despite Suzano's leading position in the industry.