Targus forestry assets have been acquired by UPM Forestal Uruguay
A group of investment funds managed by The Rohatyn Group have sold 15,100 hectares of pine and eucalyptus forests to UPM Forestal Uruguay.
Targus forestry assets consist of approximately 21,600 hectares (over 50,000 acres) of high quality and mature pine and eucalyptus forests in Tacuarembó and Rivera in the northern region of Uruguay.
Founded in 1990, UPM Forestal Uruguay operates in Uruguay as a leading forestry and timber supply company, promoting the sector and generating qualified employment in the less populated areas of the country.
Oaklins’ team in Argentina advised the sellers and coordinated the whole M&A transaction.
Talk to the deal team
Related deals
ArtisJP has sold 620 hectares of farmland to the Land Fund of Latvia
ArtisJP has sold 620 hectares of agricultural land in the Kuldīga region of western Latvia to the Land Fund of Latvia, managed by the Latvian state finance institution Altum.
Learn moreFiordo Austral has secured a syndicated loan from local banks
Fiordo Austral has successfully secured a syndicated loan from local banks, with the participation of three key financial institutions. The five-year facility will enable the company to refinance existing liabilities, support export financing and fund general corporate purposes.
Learn moreGroup Vandamme’s Hungarian operations have been acquired by ADM
ADM has acquired Group Vandamme’s Hungarian operations, known as Vandamme Hungaria Kft., which operates a 700-metric-ton-per-day non-GM crush and extraction facility in northern Hungary. This acquisition allows the company to further expand its non-genetically modified (GM) capacity in Europe to meet growing food and feed demand.
Learn more