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MercoPress, en Español

Montevideo, November 22nd 2024 - 03:14 UTC

Tag: Vivek Verma

  • Friday, May 2nd 2014 - 09:46 UTC

    Major dairy farming invester in Uruguay sells land to recoup losses

    Singapore Olam took control of the 49 dairy farms NZ farming company had in Uruguay

    NZ Farming Systems Uruguay, the dairy unit of Singapore-based Olam International in Uruguay, has sold some 7,771 hectares of farm land in Uruguay to local interests for about 53.7 million dollars in gross cash proceeds. The transactions would free up cash “for redeployment into more value-accretive projects,” Olam said in a statement.