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Olam sells Uruguay farmland for US$53.7m

It will book one-time, pre-tax gain of about US$18m when the sale and leaseback deals are completed in Q4

Published Fri, Apr 25, 2014 · 10:00 PM

Singapore

OLAM International has sold another asset in a sale and leaseback transaction, this time its dairy farmland in western and eastern Uruguay, for US$53.7 million in cash.

Its wholly owned subsidiary, New Zealand Farming Systems Uruguay (NZFSU), owns 28,478 hectares of farmland in the western, eastern and central regions of the South American country.

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