The sale of 120.000 hectares of timberland and industry of Weyerhauser Uruguay to an international consortium led by BTG Pactual is the largest farmland transaction in Uruguayan history. The total price is 402,5 M USD.
Weyerhauser decided to sell the local assets as a result of a strategic reorientation mid 2016. The purchase of Plum Creek Timber in February 2016 by Weyerhauser was reason to reconsider other assets worldwide. This has now led to the closing of this transaction in Uruguay.