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New name joins Kimberly-Clark asset dispute in Latin America

New player in the negotiation is already considered one of the favorites, but the race is still tight

A new name emerged in the negotiations for Kimberly-Clark’s assets in Latin America. This is the American Woodland Partners, with which negotiations would be advanced, according to Pipeline.

To advise on the talks, Woodland would have hired Bank of America. Despite having entered the dispute later, the player is considered one of the favorites at this stage.

The race, however, is tight: RGE, the owner of Bracell, also remains strongly interested. Suzano remains in the competition, but maintains its interest restricted to assets in Brazil. Kimberly-Clark’s proposal, however, is to get rid of the regional package in a single transaction.

The Chilean CMPC, owner of Softys, left the negotiation, considering that the price placed until that moment – ​​around 1x revenue – was high.

Kimberly-Clark would seek a value between $800 million and $1 billion from the deal, which is advised by J.P. Morgan. The asset sale process began in May.

Source
Pipeline
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