UK watchdog clears Suzano, Kimberly-Clark $3.4 billion joint venture

Britain's competition watchdog said it would not refer the proposed $3.4 billion joint venture between Suzano and Kimberly-Clark for a Phase 2 investigation. The decision reduces near-term regulatory risk for the transaction and removes a potential hurdle in the UK review process. The article does not indicate a final closing, but it is a positive procedural step for the deal.

Analysis

Britain's competition watchdog said it would not refer the proposed $3.4 billion joint venture between Suzano and Kimberly-Clark for a Phase 2 investigation. The decision reduces near-term regulatory risk for the transaction and removes a potential hurdle in the UK review process. The article does not indicate a final closing, but it is a positive procedural step for the deal.