Suzano Papel e Celulose SA (SUZ) has released an update.
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Suzano Papel e Celulose SA’s Board of Directors has unanimously approved the merger protocol of several target companies, which are wholly owned subsidiaries, thereby eliminating the need for shareholder withdrawal rights and ensuring no increase in share capital. The merger includes amendments to the corporate purpose and bylaws, aiming to expand the company’s activities in research and retail electricity sales. An Extraordinary General Meeting is scheduled to approve these resolutions.
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