SAO PAULO, May 10 (Reuters) - Brazilian pulpmaker Suzano

will maintain its capital discipline and would not

make any move solely aimed at growing, as it is focused on

adding value for shareholders, Chief Executive Walter Schalka

said on Friday.

WHY IT'S IMPORTANT

Reuters reported earlier this week, citing sources familiar

with the matter, that Suzano had approached U.S.-based

International Paper ( IP ) to express interest in an all-cash

acquisition that would be worth almost $15 billion.

In statements, Suzano - the world's largest pulp manufacturer

- said no decision about a potential deal had been made by its

management. International Paper ( IP ) declined to comment.

MARKET REACTION

Sao Paulo-traded shares of Suzano fell 12.3% following the

Reuters report on Tuesday, with analysts mentioning they were

surprised by the size of the potential deal and limited

immediate synergies.

Suzano shares were down 1.3% on Friday after the company

reported a 96% decline in its first-quarter net profit.

KEY QUOTES

In an earnings call with analysts, Schalka avoided

commenting about a potential deal with International Paper ( IP ), but

said Suzano's management "will not do anything that could put

the company at risk".

"I did not understand the market's reaction," said Schalka,

who will leave the CEO role in July. "We will not do any move

just to grow."