Tether extends ownership in the Latin American Agricultural Firm Adecoagro at 70%

Adecoagro Sa, a leading company for sustainable production in South America, entered a transaction agreement with Teter.

In technicality, an agreement with biased investments with De CV, part of the Tether group, which includes the USDTT issuer (USDTT), the world’s largest stemblekoin.

According to this Agreement, Moor It will launch a tender offer to acquire up to 49,596,510 common ADECOAGRO shares at $ 12.41 per share, aimed at increasing their ownership at about 70% of the company’s outstanding shares.

The ending of the offer is dependent on certain conditions, including achieving at least 51% of ownership at completely diluted. ​

Tether wants to support Adecoagro’s mission to produce food and renewable energy efficiently and sustainably through Argentina, Brazil and Uruguay. ​

The transaction is expected to provide adecoagro with financial conditions to follow ambitious growth plans and further commitment to sustainability and innovation in the agro-industrial sector.

Tether is an unwanted suggestion

In February, Tether submit An unsolicited proposal for gaining 51% stake in Adecoagro through the tender offer at $ 12.41 per share. At that time, fasten approximately 19.4% of Adecoagra’s outstanding shares.

The proposal was submitted on 14. February 2025. Two days later, AdecoGrova plate met and decided to hire legal and financial advisors to assess the offer.

Production of agriculture and energy

Adecoagro operates through Argentina, Brazil and Urugua, engaging in agriculture, land transformation, and sugar, ethanol and energy production.

The company manages 210,400 hectares of agricultural land and multiple industrial facilities, producing over 2.8 million tons of agricultural products and generates over a million MVH renewable electricity per year. ​