date:Feb 26, 2014
Tejar, bringing the total farmland area it manages in the South American country to 172,000 hectares.
The parties intend to fully merge their agricultural production operations, to create two new regional operating clusters of prime agricultural land in the center and west of Uruguay to complement the seven clusters of farms already operated by UAG.
The merged operations will benefit from significant economies of scale and operational synergies.
UAG executive chairman Juan Sartori said, We sa