June 5 (Reuters) - Kimberly-Clark ( KMB ) on Thursday

entered into a deal with Brazilian pulp maker Suzano

to sell a majority stake in its international tissue business,

valuing the business at about $3.4 billion, the Kleenex tissue

maker said.

Kimberly-Clark ( KMB ), which has been looking to focus on more

profitable parts of the company, said it would be owning a 49%

interest in the new venture while Suzano would own 51%.

Suzano will have the option to purchase Kimberly-Clark's ( KMB )

remaining 49% ownership interest, at certain specified times and

subject to certain conditions, under an agreed valuation

framework, the Irving, Texas-based company said.