February 21, 2013
Uruguay’s Union Agriculture Group has raised $110m in fresh equity through
Uruguay’s Union Agriculture Group has raised $110m in fresh equity through a private transaction, it says. The landowner and producer of crops and meat plans to use the proceeds for expansion. The buyers included new institutional investors and existing shareholders. Union has relied on private funds for financing, after finding entry into the public equity space tricky. It pulled an IPO targeting $200m in 2011.