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INVESTMENTS

6 Months Ended

Jun. 30, 2023

INVESTMENTS

INVESTMENTS

14.INVESTMENTS

14.1.Investments breakdown


		June 30,		December 31,
		2023		2022
Investments in associates and joint ventures		383,500		354,200
Goodwill		233,228		233,399
Other investments evaluated at fair value through other comprehensive income - Celluforce		23,541		24,917
		640,269		612,516

14.2.Investments in associates and joint ventures

Information of joint ventures as at

Company Participation

June 30,

In the income(expenses) for

2023

Carrying amount

the period

Income

(expenses)

Participation

of the

equity

June 30,

December 31,

June 30,

June 30,

Equity

period

(%)

2023

2022

2023

2022

Associate

Ensyn Corporation

2,684

(16,508)

26.07%

700

1,250

(4,304)

5,597

Spinnova Plc ⁽¹⁾

526,204

19.03%

100,137

113,079

(6,706)

(4,939)

100,837

114,329

(11,010)

658

Joint ventures

Domestic (Brazil)

Biomas

28,962

(1,051)

16.66%

4,825

(175)

Ibema Companhia Brasileira de Papel

366,704

76,069

49.90%

182,985

158,996

21,524

8,764

Foreign

F&E Technologies LLC

9,928

50.00%

4,964

5,230

Woodspin Oy

179,778

(19,376)

50.00%

89,889

75,645

(9,688)

(1)

282,663

239,871

11,661

8,763

Other movements

23,541

24,917

(232)

(114)

23,541

24,917

(232)

(114)

407,041

379,117

419

9,307

1)	The average share price quoted on the Nasdaq First North Growth Market (NFNGM) was EUR4.91 (four euros and ninety-one cents) on June 30, 2023.