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"It looks like being a good year for Union Agriculture Group. While the name may not ring too many bells internationally, the Uruguayan agricultural powerhouse is one of the country’s top landowners, with sales posed to more than triple this year.

The company had planned to become the first Uruguayan group to list in New York, but had to scrub its $287.5m IPO in 2011 because of poor market conditions. However, it has now raised $110m to fund its development plans, and is positioning itself as a key company for investors in an attractive sector in Latin America: farming.

In agriculture, Uruguay is already an interesting prospect – it has overtaken Argentina as a beef exporter and high commodities prices have encouraged foreign investors including El Tejar, the Argentine-based company that is the world’s biggest farm group, and George Soros’ Adecoagro, to invest in the politically stable country."

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