Foreign ownership of land in Maule: JP Morgan acquires 60,000 hectares from CMPC
Article excerpt
Highlighted: the sentence this signal was extracted from
The forestry company CMPC (controlled by the Matte group) finalized the sale of approximately 60,000 hectares of forestry land in the Maule Region to J.P. Morgan Natural Capital (the forestry investment platform of J.P. Morgan Asset Management) for an amount of $365.5 million USD. This area represents about 5% of the total forest mass of the Chilean holding, concentrated in radiata pine monoculture plantations. By Nicolás Salazar Beyond a simple commercial transaction, the case reflects how Chilean territory is consolidated as a mere "green asset" or value refuge for global investment funds. The forests, soil, and water of Maule become controlled by managers in international financial centers (New York, London), far removed from any cultural or social bond with the territory. The purchase by a global financial giant deepens an enclave economy, where foreign capitals decide on land use, water management, and the Chilean rural landscape. Unlike neighboring countries like Argentina - where the Rural Lands Law and debates on the foreign ownership of strategic resources, Patagonia, and national sovereignty occupy a central space in public, political, and academic discussion after Milei's government deepened the foreign ownership of land -, in Chile there is very little public debate on the subject and institutional indolence. While in Argentina the sale of millions of hectares...
Keep reading with a free account
The rest of this article, and every signal for JPMorgan, is in your free account.
