Suzano Is in Talks With Asian Banks to Fund International Paper Bid.

Suzano SA, the world's largest producer of pulp, is in talks with Asian banks, including Mizuho Financial Group, Nomura Holdings Inc., and Mitsubishi UFJ Financial Group, to secure financing for a potential bid to acquire US packaging giant International Paper Co. Suzano is considering a cash-and-stock offer for all of International Paper's assets. The funding arrangement would be similar to the one used for Suzano's acquisition of pulp rival Fibria SA in 2018. Suzano's interest in International Paper assets would allow the company to expand internationally and diversify its operations into the packaging sector. However, there are significant hurdles to overcome, including International Paper's pending agreement to acquire UK packaging rival DS Smith Plc and Suzano's existing debt burden. [Extracted from the article]