CMPC leaves dispute over Kimberly-Clark assets in Latin America

The sale of Kimberly-Clark’s assets in Latin America began to move into the second stage and, according to Pipeline, CMPC would have left the dispute. The vehicle found that the Chilean company considered the price of 1x revenue too high.

RGE, owner of Bracell, and Suzano would be among the most engaged, but insisting on the segregation of assets – the multinational intended to make the sale as a whole, in almost 20 countries, but the main interested parties want to choose the markets. “Talks are moving forward because Kimberly has signaled it might give way at this point.” said a source.

J&F Investimentos, Nine Dragons Paper and Oji Holdings would also be interested in the transaction.