date:Feb 26, 2014
Uruguayan firm Union Agriculture Group (UAG) has purchased the Uruguayan assets of agribusiness firm El Tejar, for an undisclosed sum.
The acquisition is part of UAG's strategy to build up its prime landholdings in the country, and strengthen its position in Latin American agribusiness segment.
The group currently owns 105,000 hectares in Uruguay and its agricultural operations include soybeans and wheat, rice, dairy, cattle and sheep.
UAG will now have access to 67,000 hectares farmed by El