Kimberly-Clark Corporation (NYSE:KMB) is planning to sell its tissue paper assets in Brazil and Latin America, newspaper Valor Economico reported on May 20, 2022, saying the company is in talks with JPMorgan to reassess its business in the region. Though a price tag is yet to be decided, market estimates suggest Kimberly-Clark's assets are valued at between $800 million and $1 billion as a whole, with Brazil accounting for about $200 million, Valor said. Valor said Suzano S.A. (BOVESPA:SUZB3), CMPC Tissue S.A., Nine Dragons Paper (Holdings) Limited (SEHK:2689), Oji Holdings Corporation (TSE:3861), RGE and J&F Investimentos S.A. are among those interested in Kimberly-Clark's Brazilian assets, citing sources familiar with the matter.

Kimberly-Clark, JPMorgan and all companies named by Valor did not immediately respond to Reuters requests for comment.