Expanding Union Agriculture targets international listing

Expanding Union Agriculture targets international listing

M&A

Union Agriculture Group hopes to list internationally, its chairman said, after the firm cemented its position as the largest landowner in Uruguay with an agreement to buy El Tejar’s local assets. UAG prefers to raise equity capital over borrowing, to maintain financial flexibility, Juan Sartori, the firm’s executive chairman, told LatinFinance on Tuesday. “[Debt] puts quite a high level of risk on the balance sheet and we are in a business that is relatively cyclical.” UAG agreed to buy the Uru

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