On May 5th 2013 Union Agriculture Group SA (local subsidiary) listed its shares on the Montevideo Stock Exchange in a transaction that values the firm at about US$420 million.
The event took place with the presence of the Minister of Economy and Finance, Fernando Lorenzo; the Minister of Agriculture, Tabare Aguerre; the President of the Montevideo Stock Exchange, Pablo Montaldo; Juan Sartori, the Chairman of UAG and Romualdo Varela, UAG CEO.
Union Agriculture Group plans to launch an initial public offering of shares to raise approximately US$50 million to continue acquiring land and take further advantage of opportunities for vertical integration in sectors where we can obtain important synergies or other clear competitive advantages.
