Pulp giant battles buyout for US$2bil China tissue firm


HONG KONG: Suzano SA, the world’s largest producer of hardwood pulp, and several private equity firms are among the bidders entering the next round for Hong Kong-listed tissue maker Vinda International Holdings Ltd, people with knowledge of the matter say.

Buyout firms Bain Capital, CVC Capital Partners and DCP Capital also moved ahead in the bidding for Essity AB’s majority stake in Vinda, the people said.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Budget 2027 measures to strengthen pipeline of companies seeking listing, says Bursa Malaysia
Budget 2027 measures expected to support homeownership, property market growth
LIAM welcomes RM200 MediAsas subsidy for eligible SME employees
Minimum wage increase important labour market reform, says EPF
Budget 2027 measures to support capital market growth, financing access, says SC
DRB-HICOM sees Budget 2027 tax incentive supporting AHTV development
2027 GDP forecast factors in global uncertainties
MICCI calls for clarity on tax measures, effective implementation of Budget 2027
Budget 2027: Semiconductor initiatives to help Malaysia move up value chain
Bank Negara allocates additional RM5bil for SME relief facility

Others Also Read