28 May 2024 --- Latin America’s largest pulp and paper producer, Suzano, is rumored to be weighing up a bigger offer for International Paper, for which the Brazilian giant was reportedly preparing a US$15 billion acquisition bid earlier this month. Suzano has now confirmed its interest in a merger, despite initially denying the rumors. Unconfirmed reports that Suzano is working with advisors to increase a bid for International Paper were announced last week. Initial reports also suggested that IP would reject a US$15 billion offer as insufficient.
