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Brazil's BNDES hires bank to sell stake in Suzano
September 9, 2020
SAO PAULO (From news reports) - Brazilian state development bank BNDES has hired JPMorgan Chase & Co to manage a share offering to sell its 11% stake in pulpmaker Suzano SA, two sources familiar with the matter said.

The stake is worth 7.2 billion reais ($1.36 billion).

BNDES did not immediately comment on the matter.

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