金佰利公司与苏萨诺资产出售、合资的思考

North America Equity Research05 June 2025JPMORGANwww.jpmorganmarkets.comKimberly Clark CorpThoughts on Asset Sale/JV with SuzanoUnderweightKMB, KMB USPrice (04 Jun 25):$138.43North America Beverage, Household & Personal CareAndrea Teixeira, CFA AC(1-212) 622-6735andrea.f.teixeira@jpmorgan.comJ.P. Morgan Securities LLCShovana Chowdhury(1-212) 270-2184shovana.chowdhury@jpmorgan.comJ.P. Morgan Securities LLCDrew Levine, CFA(1-212) 622-0374drew.levine@jpmorgan.comJ.P. Morgan Securities LLCLatAm Pulp & Paper, Metals & Mining and Oil & GasRodolfo Angele, CFA AC(55-11) 4950-3888rodolfo.r.angele@jpmorgan.comBanco J.P. Morgan S.A.Tathiane Martins Candini(55-11) 4950-4116tathiane.m.candini@jpmorgan.comBanco J.P. Morgan S.A.EM Latin America Corporate ResearchFlorencia Palacios AC(1-212) 622-1129florencia.x.palacios@jpmorgan.comJ.P. Morgan Securities LLCKimberly Clark (KMB, Underweight rated) announced this morning before market open that the company is entering an agreement with Suzano (NYSE: SUZ