Suzano, Brazil’s largest pulp producer, would be interested in buying the shares of Vinda International, a hygiene paper company listed in Hong Kong, reports Bloomberg.
According to sources, Essity recently started the process of selling its 52% stake in Vinda International, valued at about US$1.3 billion.
Acquisition firms Bain Capital, CVC Capital Partners and DCP Capital have also moved forward in the process, people familiar with the matter told the agency.
For analysts heard by Bloomberg, a deal with Vinda would expand Suzano’s position as a supplier in the world’s second-largest economy. Today, China is the world’s largest importer of pulp, accounting for 43% of Suzano’s sales of the commodity.