UPM signs agreement for US$2.4 billion pulp mill

Hughes & Hughes has helped Finnish forestry company UPM sign a conditional agreement with the Uruguayan government to build a multi-billion dollar pulp mill, in what could be the largest-ever foreign investment in Uruguay.

UPM signs agreement for US$2.4 billion pulp mill istock/baranozdemir

Uruguay relied on in-house counsel for the deal, which was signed on 7 November.

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