July 31, 2017 / 10:52 PM / a year ago

Brazil's Suzano to merge different shares into single stock class

SAO PAULO, July 31 (Reuters) - Brazil’s Suzano Papel e Celulose SA plans to merge its different share classes into a single class of stock, the company said in a securities filing on Monday.

Owners of preferred shares will receive one common share for each preferred, the filing said, after approval by a shareholder assembly. The goal is to list Suzano in Brazil’s highest governance segment in Sao Paulo stock exchange. (Reporting by Tatiana Bautzer; Editing by James Dalgleish)

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