Brazil's BNDES hires bank to sell stake in Suzano
Wednesday, September 9, 2020 3:00 pm
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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