Kimberly-Clark to sell tissue paper assets in Brazil, Latam -report [Reuters]
JP Morgan Chase & Co. (JPM)
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Source: Reuters
reported on Friday, saying the company is in talks with JPMorgan to reassess its business in the region. Though a price tag is yet to be decided, market estimates suggest Kimberly-Clark's assets are valued at between $800 million and $1 billion as a whole, with Brazil accounting for about $200 million, Valor said. The U.S.-based company owns brands such as Kleenex and Neve. Valor said Brazilian pulpmaker Suzano SA, Chile's CMPC-owned Softys, Nine Dragons Paper, Oji Holdings Corp, RGE and J&F Investimentos are among those interested in Kimberly-Clark's Brazilian assets, citing sources familiar with the matter. Kimberly-Clark, JPMorgan and all companies named by Valor did not immediately respond to Reuters requests for comment. Reporting by Gabriel Araujo; Editing by Kirsten Donovan
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- 4/19/24 - Form 424B2
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