Tether offers $12.41 per share for Adecoagro majority stake

Tether Investments S.A. de C.V. ("Tether") made an unsolicited, non-binding proposal on February 14, 2025, to Adecoagro S.A. (NYSE: AGRO) to acquire outstanding common shares of the company at $12.41 per share.

The proposal would result in Tether (CRYPTO:USDT) holding 51% of Adecoagro's outstanding shares.

Tether is already a shareholder, holding approximately 19.4% of Adecoagro's outstanding common shares.

Tether initially invested in Adecoagro in September 2024, purchasing a 9.8% stake for $100 million.

As of February 18, 2025, Adecoagro's shares were trading at $9.80.

The $12.41 per share offer represents a 26.65% premium increase compared to the share's current trading price.

Adecoagro's Board of Directors met on February 16, 2025, to discuss the proposal and decided to engage legal and financial advisors to evaluate the proposal and whether it is in the best interests of all shareholders.

"The Board of Directors will respond in due course," Adecoagro stated.

"This investment is part of Tether's broader approach to allocating profits into strategic sectors such as financial technology, artificial intelligence, biotech, and energy," according to a statement.

Tether indicated that Adecoagro's profitability had “significantly declined” in recent quarters.

"South America is one of USDT’s fastest-growing markets, driven largely by demand from across Argentina and Brazil owing to economic instability, volatile national currencies, and perennial battles with inflation," Tether stated.

Adecoagro owns 210.4 thousand hectares of farmland and several industrial facilities across Argentina, Brazil, and Uruguay.

The company produces over 2.8 million tons of agricultural products and over 1 million MWh of renewable electricity.

At the time of reporting, the Tether (USDT) price was $0.9995.