A group of investors of mostly Argentine origin has bought over Montevideo's renowned daily El Observador. Although the deal was reportedly closed May 5, it was not officially announced until Wednesday, May 11.
Uruguay's oil and energy Ancap must pay US $ 10 million to fuel distributors Petrobras and Axion after losing a 2017 lawsuit filed when the plaintiffs saw their profit margins narrowed by local regulations, the Montevideo El Observador newspaper reported.