(Reuters) -Kimberly-Clark is nearing a sale of its Kleenex and tissue businesses outside of North America for around $3.5 billion to Brazilian pulpmaker Suzano, the Wall Street Journal reported, citing people familiar with the matter.
A deal could be completed as soon as Thursday, the report said on Wednesday.
Reuters could not immediately confirm the report. Kimberly-Clark and Suzano did not immediately respond to requests for comments.
Reuters had reported in April citing people with knowledge of the matter that along with Suzano, Southeast Asia’s Royal Golden Eagle (RGE) and Asia Pulp & Paper Co (APP) were the final bidders for Kimberly-Clark’s international tissue business, valued at around $4 billion.
The unit, which was put on the block by Kimberly-Clark as part of a restructurin