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Suzano's bid to lease operations of Port of Itaqui in Brazil receives best classification

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Suzano's bid to lease operations of Port of Itaqui in Brazil receives best classification

July 30, 2018 - 05:00
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SAO PAULO, July 27, 2018 (Press Release) -Suzano Papel e Celulose S.A. (“Suzano” or “Company”) (B3 | SUZB3), in compliance with CVM Instruction 358 of January 3, 2002, as amended, hereby announces to its shareholders and the market that the bid submitted by it in connection with Auction 03/2018 conducted Brazil’s National Water Transport Agency (“ANTAQ”) received the best classification. Suzano participated in the auction through the SPE CMN SOLUTIONS A097 PARTICIPAÇÕES S.A.

The public event to open the bids for the leasing was held today. The qualification documents will be submitted on August 6. Once it is declared qualified and the result of the bid is ratified, the execution of the respective agreement is subject to the fulfillment of certain conditions precedent that are typical for transactions of this nature and envisages the leasing of an area and public infrastructure for handling general cargo, especially pulp and paper, in the Port of Itaqui in Maranhão state. With the lease of an area spanning 53,454 sq. m for 25 years, which may be extended in accordance with the terms of the agreement and with applicable laws, the Company will achieve a more competitive position to export the pulp produced at its plant located in the city of Imperatriz in Maranhão state

The terminal is strategically important for the operation of said unit and the lease is, thus, aligned with Suzano’s objectives of increasing its operational efficiency and security, and ensuring the continuation of its operations in the long term. The estimated investment at the site is R$ 215 million, as envisaged in the studies published together with the bid notice.