Tether expands ownership in Latin American agricultural firm Adecoagro to 70%

ADECOAGRO SA, a main sustainable production company in South America, has concluded a transaction agreement with TETHER.

In technicality, the agreement is with Tether Investments SA CV, which is part of the Tether group, which includes the USDT transmitter (USDT), the biggest stable in the world.

Under this agreement, Attached Will decline a tender offer to acquire up to 49,596,510 ordinary ADECOAGRO shares to $ 12.41 per share, aimed at increasing its property to around 70% of the company’s circulation shares.

The completion of the offer depends on certain conditions, in particular by carrying out at least 51% of property on an entirely diluted basis. ​

Tether wants to support Adcoagro’s mission to produce food and renewable energy effectively and permanently through Argentina, Brazil and Uruguay. ​

The transaction should offer Adecoagro financial support to pursue ambitious growth plans and continue its commitment to sustainability and innovation in the agro-industrial sector.

Uns -required proposal from Tether

In February, attachment subject An unsolicited and non -binding proposal to acquire a 51% participation in ADECOAGRO thanks to a tender offer at $ 12.41 per share. At the time, Tether already held around 19.4% of the actions in the circulation of Adecoagro.

The proposal was submitted on February 14, 2025. Two days later, the Adecoagro board of directors met and decided to initiate legal and financial advisers to assess the offer.

Production of agriculture and energy

ADECOAGRO operates through Argentina, Brazil and Uruguay, 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 more than 2.8 million tonnes of agricultural products and generating more than a million MWh of renewable electricity per year. ​