Advertisement
Canada markets close in 1 hour 15 minutes

  • S&P/TSX

    24,001.77
    -100.94 (-0.42%)
     

  • S&P 500

    5,743.61
    +47.67 (+0.84%)
     

  • DOW

    42,068.81
    +114.57 (+0.27%)
     

  • CAD/USD

    0.7323
    -0.0019 (-0.26%)
     

  • CRUDE OIL

    73.80
    -3.34 (-4.33%)
     

  • Bitcoin CAD

    84,751.95
    -1,610.12 (-1.86%)
     

  • XRP CAD

    0.72
    -0.02 (-2.28%)
     

  • GOLD FUTURES

    2,634.90
    -31.10 (-1.17%)
     

  • RUSSELL 2000

    2,196.04
    +2.95 (+0.13%)
     

  • 10-Yr Bond

    4.0330
    +0.0070 (+0.17%)
     

  • NASDAQ

    18,143.53
    +219.62 (+1.23%)
     

  • VOLATILITY

    21.41
    -1.23 (-5.43%)
     

  • FTSE

    8,190.61
    -113.01 (-1.36%)
     

  • NIKKEI 225

    38,937.54
    -395.20 (-1.00%)
     

  • CAD/EUR

    0.6673
    -0.0015 (-0.22%)
     
MARKETS LIVE BLOG:

NASDAQ LEADS STOCKS HIGHER AS OIL PULLS BACK AFTER RALLY

Crude sinks over 5% as run-up amid Mideast conflict pauses, China stimulus disappoints

Suzano to buy Kimberly-Clark's tissue assets in Brazil

Reuters
Updated ·1 min read
The logo of Kimberly-Clark is seen in Maracay

SAO PAULO (Reuters) -Brazilian pulpmaker Suzano SA said on Monday it reached a deal to buy Kimberly-Clark's tissue paper operations in the country.

In a securities filing, Suzano said the main asset included in the deal is a tissue production plant located in Sao Paulo state. The unit has an annual production capacity of around 130,000 tonnes.

A new company created by Suzano will hold the assets, as well as manufacture and distribute the tissue products, such as paper towels and napkins, it said.

The firm did not disclose the value of the deal, but said that it does not have a significant impact on its indebtedness level.

(Reporting by Carolina Pulice and Peter Frontini; Editing by Isabel Woodford and Josie Kao)