Landmark Land Deal: Japanese Firm’s Major Move in Uruguay

INSUBCONTINENT EXCLUSIVE:
Oji Holding Corporation, a Japanese pulp market giant, acquired 41,289 hectares in Uruguay.The deal, worth nearly $300 million, sparked
debates about a potential new pulp mill.This single-payment transaction, totaling $287,598,326, marks one of the largest land purchases in
Major Move in Uruguay
(Photo Internet reproduction)The acquisition, approved on April 25 by Uruguayan President Luis Lacalle Pou and Minister Fernando Mattos,
aligns with the 2007 Law 18.092.This law allows companies to own rural and agricultural properties.Why does this matter? Uruguay, a
and over 35,600 employees, aims to expand further.Various sectors, from environmental advocates to economic analysts, closely watch this
highlights the balance of global business, local economies, and ecological stewardship.