Uruguayan Advances IPO

Uruguayan Advances IPO

Equity Uruguay

Union Agriculture Group (UAG) planned to list its shares as soon as today, ahead of an IPO that is expected in 2-3 months. The farmland developer is undergoing the listing now for tax and regulatory reasons, according to people familiar with the matter, and has begun informal negotiations with investors and could see a roadshow in about two months, followed by pricing. The transaction is expected to raise at least $50m, by selling up to 2bn shares to the country’s pension funds and up to 200m sh

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