August 31, 2018 / 12:33 PM / 3 months ago

China competition watchdog gives nod to Suzano, Fibria tie-up

RIO DE JANEIRO, Aug 31 (Reuters) - Brazil's Suzano Papel e Celulose SA has gotten the green light from China's competition authority to acquire rival Fibria Celulose SA , the pulp and paper producer said in a securities filing on Friday.

American competition authorities already signed off on the deal, which is valued at 36 billion reais ($9.61 billion) and would create the world's biggest wood pulp producer. (Reporting by Alexandra Alper Editing by Chizu Nomiyama)

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