A leading global producer of the wood-based cellulose used to make textiles is planning a $1bn Hong Kong listing, in a development that underscores rising trade links between China and Brazil.
Privately held Sateri International, which owns pulp production mills in Brazil and China, is seeking expansion capital to meet soaring demand for its products, according to people familiar with the matter.
Sateri was founded in 2003 and its expected initial public offering is testimony to the rapid development of industrial companies that focus on emerging markets, in particular China.
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