SÃO PAULO, Dec. 4, 2018 /PRNewswire/ -- Suzano Papel e Celulose S.A. ("Suzano" or the "Company") is pleased to announce that the listing of its American Depositary Receipts (ADRs), each representing two common shares of Suzano, on the New York Stock Exchange (NYSE) will become effective on December 10th, 2018 and will begin trading under the new ticker symbol "SUZ" on that date. On such date, the Company's ADRs will cease trading under the symbol "SUZBY" on the OTC pink open market. Suzano's OTC ADR holders (SUZBY) are not required to take any action, its ADRs will be listed on the NYSE automatically. The NYSE listing is another step in the process for the integration of the operations and shareholder bases of Fibria Celulose S.A. ("Fibria") and the Company pursuant to the Merger Agreement. "This is a fundamental step in improving corporate governance and is the realization of a long-lasting plan," says Marcelo Bacci, CFO at Suzano.
Suzano will be a leading global player of pulp and paper after the consummation of the merger by Suzano and Fibria. After January 2019, Suzano will have an annual production capacity of 11 million tons of market pulp and 1.4 million tons of paper. The company will have approximately 37,000 direct and indirect employees and 11 manufacturing units with the capacity to supply more than 90 countries.
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SOURCE Suzano Papel e Celulose S.A.