South American Real Estate News

The sale of the Olam dairy farms in Uruguay is at an advanced stage

Post available in: English Español

The sale of the Olam fields in Uruguay is in an advanced process, a source close to the business told Blasina y Asociados.

The sale of the Olam fields in Uruguay is in an advanced process, a source close to the business told Blasina y Asociados. The transaction would be around USD 20 million.

These are five local buyers, linked to agriculture, a refrigerator, dairy production and livestock production.

A source from Olam Uruguay told Blasina y Asociados that at the moment the company has nothing to report and that they continue to operate normally.

The withdrawal of the company from the country will mean a significant drop in the reception of milk. In the last financial year 2020/2021, Olam sent some 100 million litres to Conaprole, with 20 operating dairy farms. “The company has decided to leave,” a Conaprole source told Blasina y Asociados. The details have not yet been released, unofficially in February, it would stop operating.

In mid-2020, Olam discontinued the operation of the dairy farms involved in the East and West of Uruguay, with the return of leases in Rocha and Young. And he concentrated his activity in the department of Florida.

(Data taken from Blasina y Associates)

(Visited 323 times, 1 visits today)

About Gateway to South America

Gateway to South America was established in 2006 as a single office in Buenos Aires. The company has since expanded into a vibrant regional network, servicing the Southern Cone clients in Argentina, Brazil, Chile, Paraguay, Peru and Uruguay with professional real estate marketing services. If you enjoy reading our news site please share it on your social media below.

Post available in: English Español

0 POST COMMENT

Comments from our readers

Visit us on LinkedInVisit us on FacebookVisit us on TwitterVisit us on PinterestCheck our RSS Feed