(i) A Uruguayan company of forestry services -- with executed contracts with UPM and an annual turnover of USD 7 million -- is the target of an eventual acquisition and is prospecting potential bidders.
Estimated price: between USD 4.5 and 5 million.
(ii) Another forestry company is looking into strategic alternatives for its timberlands and manufacturing operations in Uruguay, including a possible sale.
Its operations include more than 300,000 acres of timberlands, as well as a plywood and veneer manufacturing facility, a cogeneration facility and a seedling nursery.
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