Jul 21, 2005. /Lesprom Network/. Suzano Papel e Celulose-Bovespa, one of Latin America's largest integrated producers of pulp and paper, announces Ripasa's corporate restructuring and migration of minority shareholders to Suzano and VCP. According to the Material Facts of November 10, 2004 and March 31, 2005, VCP and Suzano acquired, through Ripasa Participacoes S.A. ("Ripar"), the voting control of Ripasa and announced their intention to implement a corporate restructuring that would allow Ripasa's minority shareholders to convert their interests in Ripasa to VCP and Suzano stock, in equal parts. The corporate restructuring involves two phases: the merger of Ripasa shares into Ripar and the distribution of assets to VCP and Suzano, in equal parts. The restructuring will be submitted for approval at the general meetings of the involved companies, scheduled in notices published. At the completion of the restructuring, Ripasa's minority shareholders will become shareholders in VCP and Suzano, in accordance with the protocol and justification of share merger and distribution that VCP, Suzano, Ripasa and Ripar executed on Wednasday. Suzano Papel e Celulose is one of the largest integrated producers of paper and eucalyptus pulp in Latin America, with pulp production capacity of 1.1 million tonnes/year and paper production capacity of 820 thousand tonnes/year. It offers a broad range of pulp and paper products to the Brazilian and international markets, and has leadership positions in key segments of the Brazilian markets.