Klabin to sell 8,000 hectares of forest, excluding land, for 230M Brazilian reais; forested area is equivalent to 3.2 million m³ of standing wood, and Klabin has also signed a repurchase option agreement valid until 2036 for up to 2.2 million m³ of wood

Sample article from our Forestry & Timberland

October 21, 2022 (press release) –

KLABIN S.A. (“Klabin” or "Company"), in accordance with article 157, paragraph 4 of Law n 6,404/76 and CVM Resolution N 44/2021, announces to its shareholders and the market in general that, on this date, it has signed the necessary documents for the sale of approximately 8.0 thousand hectares of forest¹, equivalent to 3.2 million m³ of standing wood, with a sales value of R$ 230 million ("Operation"). At the same time, Klabin signed a repurchase option agreement valid until 2036 for up to 2.2 million m³ of wood.

The completion of the Operation is subject to approval by the Administrative Council for Economic Defense (CADE).

The Operation is in line with Klabin's forest supply strategy and reinforces its diligent management of assets, wood costs and efficient capital allocation. For more details, please visit the Operation’s presentation available on Klabin's Investor Relations website (ri.klabin.com.br). São Paulo, October 21, 2022 Marcos Paulo Conde Ivo Chief Financial and Investor Relations Officer

 

1 – Does not include land

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Dan Rivard
- VP Market Development -

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