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    1. Home
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    3. >UK watchdog probes $3.4 billion Suzano and Kimberly-Clark deal
    Finance

    UK Watchdog Probes $3.4 Billion Suzano and Kimberly-Clark Deal

    Published by Global Banking & Finance Review®

    Posted on March 27, 2026

    1 min read

    Last updated: March 27, 2026

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    Quick Summary

    Britain’s Competition and Markets Authority has launched a Phase 1 investigation into the $3.4 billion joint venture between pulp giant Suzano and consumer-products leader Kimberly‑Clark. The CMA must issue its decision by May 28, 2026.

    UK Watchdog Probes $3.4 Billion Suzano and Kimberly-Clark Joint Venture

    Competition and Markets Authority Launches Investigation

    Background of the Joint Venture

    March 27 (Reuters) - Britain's competition watchdog said on Friday it has opened a phase 1 investigation into a $3.4 billion joint venture between Brazilian pulp producer Suzano and consumer goods giant Kimberly-Clark.

    Details of the CMA Investigation

    The Competition and Markets Authority (CMA) has a May 28 deadline to announce a decision from its phase 1 investigation. 

    Reporting and Sources

    (Reporting by Rishab Shaju in Bengaluru)

    References

    • Suzano and Kimberly-Clark announce the creation of a new tissue company
    • Suzano / Kimberly-Clark JV merger inquiry - GOV.UK

    Table of Contents

    • Competition and Markets Authority Launches Investigation
    • Background of the Joint Venture
    • Details of the CMA Investigation
    • Reporting and Sources

    Key Takeaways

    • •The $3.4 bn JV will combine Kimberly‑Clark’s International Family Care and Professional tissue business with Suzano’s pulp strength, spanning 22 facilities and ~9,000 employees across over 70 countries (suzano.com.br)
    • •The JV is structured with Suzano acquiring 51 % (for $1.734 bn) and Kimberly‑Clark retaining 49 %, with long‑term brand licensing and a call option allowing Suzano to buy the remainder after three years (suzano.com.br)

    Frequently Asked Questions about UK watchdog probes $3.4 billion Suzano and Kimberly-Clark deal

    1What is the value of the Suzano and Kimberly-Clark joint venture?

    The joint venture between Suzano and Kimberly-Clark is valued at $3.4 billion.

    2Who is conducting the investigation into the joint venture?

    The Competition and Markets Authority (CMA) in the United Kingdom is conducting the investigation.

  • •The CMA’s official merger inquiry page shows that the case opened on 30 January 2026, with a public invitation to comment closing 20 February 2026; the Phase 1 decision is due by 28 May 2026 (gov.uk)
  • 3When will the CMA announce a decision on the investigation?

    The CMA has a May 28 deadline to announce a decision from its phase 1 investigation.

    4Which companies are involved in the $3.4 billion joint venture?

    The companies involved are Brazilian pulp producer Suzano and consumer goods giant Kimberly-Clark.

    5What is the focus of the CMA's phase 1 investigation?

    The phase 1 investigation focuses on the competition aspects of the $3.4 billion joint venture between Suzano and Kimberly-Clark.

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