Tag: Fondomonte

• Monday, January 2nd 2012 - 06:21 UTC

  Saudi dairy farm buys 30.000 acres of prime land in Argentina

  

  Saudi Arabia's largest dairy company announced it was buying Argentine farm operator Fondomonte for 83 million dollars to secure access to a supply of animal feed. The acquisition will give Riyadh-based Almarai Co. control of roughly 30,000 acres of farmland just ahead of tough new limits to be imposed by Argentina's government on foreign ownership of productive land.