UAG Farming Fund in Uruguay has purchased El Tejar in a 67,000 ha land grab.
El Tejar has sold its Uruguayan farms to UAG ( an agro fund). That agreement will allow for the incorporation of the 67,000 hectares of cropping land giving UAG a total of 170,000 hectares, equivalent to three times the size of the province of Montevideo.
In this area, some 32,000 hectares shall become owned by UAG and 35,000 ha will remain under the existing leases.
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