Edition:
United Kingdom

Brazil's Suzano may reduce payout to 25 pct if leverage surpasses 3.5x EBITDA


Friday, 16 Mar 2018 

March 16 (Reuters) - Fibria Celulose Sa ::BRAZIL'S SUZANO CFO BACCI SAYS NEW CO WILL REALIZE SYNERGIES IN 2 OR 3 YEARS.BRAZIL'S SUZANO WILL RAISE NUMBER OF BOARD MEMBERS FROM 9 TO 10 AFTER COMBINATION WITH FIBRIA.BRAZIL'S SUZANO MAY REDUCE PAYOUT TO 25 PERCENT IF LEVERAGE GOES ABOVE 3.5 EBITDA.