Adecoagro, a major sustainable production company operating in South America, has disclosed that its Board of Directors received an unsolicited, non-binding acquisition proposal from Tether Investments S.A. de C.V. (“Tether”) on February 14, 2025.
Tether Proposes Majority Stake of 51% Acquisition in Adecoagro
The proposal outlines Tether’s intention to purchase outstanding common shares of the company at a rate of $12.41 per share through a tender offer. If successful, this transaction would elevate Tether’s ownership stake in Adecoagro from approximately 19.4% to a controlling 51%.
Tether, which has been an investor in Adecoagro, last reported its holdings at 19.4% in a public Schedule 13D filing on November 14, 2024.
The bid marks a strategic move by Tether to consolidate its influence over the agricultural and renewable energy firm, which operates across Argentina, Brazil, and Uruguay.
Adecoagro’s Board Evaluates the Offer
Following the receipt of Tether’s proposal, Adecoagro’s Board of Directors convened on February 16, 2025, to review the terms and implications of the potential acquisition.
The board has since decided to seek guidance from legal and financial advisors to thoroughly assess whether the proposal aligns with the best interests of both the company and its shareholders.
As the review process is still in its early stages, Adecoagro has advised shareholders that no immediate action is required on their part. The company has not provided a timeline for its final response but assured that further updates would be communicated as necessary.
Adecoagro is recognized as one of South America’s key players in sustainable agriculture and renewable energy production. It manages over 210,000 hectares of farmland and multiple industrial sites across the region.
The company produces more than 2.8 million tons of agricultural goods and generates over 1 million megawatt-hours (MWh) of renewable electricity, positioning itself as an essential contributor to both food security and clean energy initiatives.
Tether Faces Potential Regulatory Challenges in the U.S.
Beyond its investment in Adecoagro, Tether is also navigating potential regulatory challenges in the U.S. financial landscape. Analysts at JPMorgan have speculated that the stablecoin issuer may be compelled to liquidate certain assets—including Bitcoin, precious metals, corporate debt, and secured loans—should new U.S. regulations on stablecoins take effect.
These regulations, aimed at increasing transparency and reducing systemic risks, could force Tether to adjust its reserves to comply with stricter legal frameworks.
Tether, which has often faced scrutiny over the composition of its reserves backing its USDT stablecoin, could be significantly impacted by such regulatory measures. Any forced divestments of non-compliant assets could potentially affect the liquidity and stability of the company’s operations.
Tether’s bid to acquire a majority stake in Adecoagro reflects its growing interest in diversifying its investments beyond the cryptocurrency sector.
As the stablecoin issuer faces potential regulatory shifts in the U.S., securing a controlling position in a South American agribusiness and renewable energy firm could provide financial stability and long-term growth opportunities.
Meanwhile, its foray into artificial intelligence suggests a broader strategy to position itself at the forefront of technological innovation. How Adecoagro’s board responds to Tether’s offer, and how the regulatory landscape evolves, will be key factors shaping the company’s future trajectory.
Also Read: Tether Unveils Plans For a $1B USDT Chain Swap to Tron to Boost Interoperability