March 16, 2018 / 5:11 PM / in an hour

BRIEF-Suzano says will launch Level 3 ADRs On NYSE, will maintain one class of stock

March 16 (Reuters) - Fibria Celulose Sa:

* SUZANO CEO WALTER SCHALKA SAYS “WE ARE ANNOUNCING A BALANCED TRANSACTION AND REAFFIRMS OUT BUSINESS STRATEGY”

* SUZANO SAYS ANALYSTS ESTIMATE SYNERGIES OF FIBRIA TIE-UP FROM 8 BILLION REAIS TO 10 BILLION REAIS

* SUZANO SAYS WILL LAUNCH LEVEL 3 ADRS ON NYSE, WILL MAINTAIN ONE CLASS OF STOCK, 100 PERCENT TAG-ALONG AND FREE FLOAT ABOVE 50 PERCENT Further company coverage: (Reporting by Gram Slattery)

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