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

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Adecoagro S.A., a leading sustainable production company in South America, has entered into a transaction agreement with Tether.

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In technicality, the agreement is with Tether Investments S.A. de C.V., part of the Tether Group, which includes the issuer of USDT. Under this agreement, Tether will initiate a tender offer to acquire up to 49,596,510 common shares of Adecoagro at $12.41 per share.

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Tether wants to support Adecoagro’s mission to produce food and renewable energy efficiently and sustainably across Argentina, Brazil, and Uruguay. The offer’s completion is contingent upon certain conditions.