Kimberly-Clark's $4 billion international tissue unit set for three-way M&A fight, sources say

HONG KONG/SINGAPORE (Reuters) -Southeast Asia's Royal Golden Eagle (RGE) and Asia Pulp & Paper Co (APP), as well as Brazil's Suzano SA are the final bidders for Kimberly-Clark's international tissue business valued at around $4 billion, four people said. Kleenex tissues maker Kimberly-Clark has hired Goldman Sachs and Centerview Partners to run the sale of the business, said two of the people. The unit, which was put on the block by Kimberly-Clark as part of a restructuring initiated last year, generates around $500 million in annual earnings before interest, taxes, depreciation, and amortisation (EBITDA), they said.