Home / Daily Briefs / 2017 / BTG Pactual buys timber assets in Uruguay

BTG Pactual buys timber assets in Uruguay

BTG Pactual buys timber assets in Uruguay

June 6, 2017 | Aaron Weinman
Brazilian bank’s TIG agrees to pay $403m for Weyerhaeuser’s timber and manufacturing unit

M&A Uruguay

Timberland Investment Group (TIG), a fund from BTG Pactual, has agreed to buy a timberland and manufacturing business in Uruguay from Weyerhaeuser Company for $403m.TIG acquires more than 300,000 acres of timberland in northeastern and north-central Uruguay, a plywood and veneer manufacturing facility, a cogeneration facility and a seedling nursery, the law firm Proskauer said in a statement.Proskauer advised TIG and a group of investors in the deal, it said.Led by fund manager Gerrity Lansing,

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