August 31, 2018 / 12:36 PM / a year ago

China competition watchdog gives nod to Suzano, Fibria tie-up

RIO DE JANEIRO (Reuters) - Brazil’s Suzano Papel e Celulose SA (SUZB3.SA) has gotten the green light from China’s competition authority to acquire rival Fibria Celulose SA FIBR3.SA, the pulp and paper producer said in a securities filing on Friday.

American competition authorities already signed off on the deal, which is valued at 36 billion reais ($9.61 billion) and would create the world’s biggest wood pulp producer.

Reporting by Alexandra Alper; Editing by Chizu Nomiyama

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