Tether attempts ‘unsolicited’ takeover of South American Adecoagro 

A South American agro-industry company announced that it had received an unsolicited and non-binding proposal from Tether Investments.

THE proposal is to acquire a majority participation thanks to a tender offer at $ 12.41 per share. The agreement would give Tether a participation of 51% in the company. Attached (USDT), which currently holds around 19.4% of the actions in the circulation of ADECOAGRO, submitted the proposal on February 14, 2025.

The company’s board of directors met two days later and decided to initiate legal and financial advisers to assess the offer. The Council has not made a final decision and advised shareholders not to act yet.

ADECOAGRO, founded in 2002 and whose headquarters are in Luxembourg, is one of the largest agricultural producers in South America.

Society manages agricultural land through Argentina, Brazil and Uruguay, producing key crops such as soy, corn and rice. It is also a major player in sugar, ethanol and energy markets in the region.

Pieu Adecoagro de Tether

Tether Investments gradually increased its position in ADECOAGRO in the past year. Its last public deposit on November 14, 2024 revealed a 19.4%participation.

The proposed offer represents a premium compared to recent market prices, although ADECOAGRO has not disclosed the level of negotiation of the action before the offer.

The offer occurs while the world agricultural markets face increased interest in investors looking for exposure to food production and bioenergy sectors. The diversified adécoagro operations and the concentration on sustainability positioned it as a key player in the industry.

“The board of directors will respond in due course,” said the company, stressing its commitment to the best interests of shareholders.