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.