Linear Finance

​Adecoagro S.A., a leading sustainable production company in South America, has entered into a transaction agreement with Tether.
In technicality, the agreement is with Tether Investments S.A. de C.V., part of the Tether Group, which includes the issuer of USDT (<a href="https://crypto.news/price/tether/" target="_blank" rel="noopener noreferrer nofollow">USDT</a>), the world’s largest stablecoin.&nbsp;
Under this agreement, <a href="https://crypto.news/tag/tether" target="_blank" rel="noopener noreferrer nofollow">Tether</a> will initiate a tender offer to acquire up to 49,596,510 common shares of Adecoagro at $12.41 per share, aiming to increase its ownership to approximately 70% of the company’s outstanding shares.&nbsp;
The offer’s completion is contingent upon certain conditions, including achieving at least 51% ownership on a fully diluted basis. ​
Tether wants to support Adecoagro’s mission to produce food and renewable energy efficiently and sustainably across Argentina, Brazil, and Uruguay. ​
The transaction is expected to provide Adecoagro with the financial backing to pursue ambitious growth plans and further its commitment to sustainability and innovation in the agro-industrial sector.
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<h2 class="wp-block-heading" id="tether-s-unsolicited-proposal">Tether’s unsolicited proposal&nbsp;</h2>
In February, Tether <a href="https://crypto.news/tether-attempts-unsolicited-takeover-of-south-american-adecoagro/" rel="noopener noreferrer nofollow">submitted</a> an unsolicited, non-binding proposal to acquire a 51% stake in Adecoagro through a tender offer at $12.41 per share. At the time, Tether already held approximately 19.4% of Adecoagro’s outstanding shares.&nbsp;
The proposal was submitted on February 14, 2025. Two days later, Adecoagro’s board met and decided to engage legal and financial advisors to evaluate the offer.&nbsp;
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<h2 class="wp-block-heading" id="farming-and-energy-production">Farming and energy production</h2>
Adecoagro operates across Argentina, Brazil, and Uruguay, engaging in farming, land transformation, and sugar, ethanol, and energy production.&nbsp;
The company manages 210,400 hectares of farmland and multiple industrial facilities, producing over 2.8 million tons of agricultural products and generating over 1 million MWh of renewable electricity annually. ​
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Tether expands ownership in Latin American agricultural firm Adecoagro to 70%

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