Agribusiness Dominates List Of Wealthiest People In Uruguay

Patrick Archer agribusiness, global rankings, lifestyle, real estate, uruguay, wine & vineyards

In some countries, it’s who owns the oil. In others, its who creates the next Instagram or Twitter. But in Uruguay, it’s who owns the land and what they produce from sheep to steers to soybeans. The 120 Richest People in Uruguay is the headline of the list compiled by Entorno Inteligente which is dominated by large-scale land owners and …

Boston’s GMO Uruguay Timberland Investment Worth $140 Million

Patrick Archer agribusiness, foreign investment, real estate, us companies

Boston-based global investment management firm, GMO, is making a significant long-term investment in Uruguay with one of the country’s largest timberland acquisitions in recent years. GMO acquired the land from Chile-based Arauco, and the deal encompasses over 110,000 acres (45,000 hectares) spread across 141 parcels in the Rivera and Tacuarembo departments of northern Uruguay, according to El Pais’ Fabian Tiscornia.¬†Arauco …