Lenzing welcomes new core shareholder Suzano S/A

EQS-News: Lenzing AG / Key word(s): Miscellaneous
Lenzing welcomes new core shareholder Suzano S/A

12.06.2024 / 09:45 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Lenzing welcomes new core shareholder Suzano S/A

Lenzing - The Lenzing Group, a leading supplier of regenerated cellulose
fibers for the textile and nonwovens industries, learned today that
Lenzing's main shareholder B&C Group and the Brazilian pulp producer Suzano
S/A have signed a long-term partnership in connection with the majority
stake in Lenzing. As part of this agreement, Suzano S/A will take over a 15
percent stake in Lenzing AG from B&C Group. Suzano is the world's largest
pulp producer based in Sao Paolo and recently achieved annual sales of more
than EUR 7 billion.

Lenzing's management welcomes the proposed transaction and looks forward
working with another core shareholder.

Stephan Sielaff, Chief Executive Officer of the Lenzing Group, says:
'Lenzing and Suzano are two companies that have come to know and appreciate
each other in recent years as relevant players on the international pulp
market. Based on the core competencies in the area of pulp production and
operational excellence, Suzano can make a valuable contribution to the
successful implementation of our strategy. For us, the constellation of the
two strong core shareholders B&C Group and Suzano S/A is definitely a win.'

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                                             Your contact for
                                            Public Relations:

                                               Dominic Köfner
     Vice President Corporate Communications & Public Affairs
                                   Lenzing Aktiengesellschaft
                          Werkstraße 2, 4860 Lenzing, Austria

                                      Phone +43 7672 701 2743
                                  E-mail (1)media@lenzing.com
                                       Web (2)www.lenzing.com

                                  1. mailto:media@lenzing.com
                                  2. https://www.lenzing.com/
                                                  About the Lenzing Group

     The Lenzing Group stands for eco-responsible production of specialty
        fibers based on cellulose and recycled material. As an innovation
              leader, Lenzing is a partner of global textile and nonwoven
        manufacturers and drives many new technological developments. The
      Lenzing Group's high-quality fibers form the basis for a variety of
            textile applications ranging from functional, comfortable and
    fashionable clothing to durable and sustainable home textiles. Due to
   their special properties and their botanical origin, the TÜV certified
    biodegradable and compostable Lenzing fibers are also highly suitable
                                           for everyday hygiene products.

        The business model of the Lenzing Group goes far beyond that of a
    traditional fiber producer. Together with its customers and partners,
     Lenzing develops innovative products along the value chain, creating
   added value for consumers. The Lenzing Group strives for the efficient
     utilization and processing of all raw materials and offers solutions
           to help transform the textile industry from the current linear
       economic system towards a circular economy. In order to reduce the
   speed of global warming and thus also support the targets of the Paris
    Agreement and the EU Commission's 'Green Deal', Lenzing has developed
     a clear science-based climate action plan that aims to significantly
    reduce greenhouse gas emissions by 2030 and a net-zero goal (scope 1,
                                                        2 and 3) by 2050.

                                   Key Facts & Figures Lenzing Group 2023
                                                     Revenue: EUR 2.52 bn
                                       Nominal capacity: 1,110,000 tonnes
                                                   Employees (FTE): 7,917

           TENCEL(TM), LENZING(TM) ECOVERO(TM), VEOCEL(TM), LENZING(TM) and REFIBRA(TM) are
                                                trademarks of Lenzing AG.

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12.06.2024 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com

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   Language:       English
   Company:        Lenzing AG

                   4860 Lenzing
                   Austria
   Phone:          +43 7672-701-0
   Fax:            +43 7672-96301
   E-mail:         office@lenzing.com
   Internet:       www.lenzing.com
   ISIN:           AT0000644505
   Indices:        ATX
   Listed:         Vienna Stock Exchange (Official Market)
   EQS News ID:    1923251

End of News EQS News Service
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1923251 12.06.2024 CET/CEST