Giant crypto seeks to keep the majority of Adecoagro

In a movement that once again surprises the market, Tether Holdings Limited, The company behind the cryptocurrency USDT, He launched an aggressive offer to keep 51% of Adecoagro’s shares and thus take control of the agro -industrial firm that has a strong presence in Argentina, Uruguay and Brazil. At present, Tether already had 19.4% of the firm’s actions commanded by Argentine Mariano Bosch.

According to Adecoagro, his board of directors “He received an unplayed and non -binding proposal from Tether Investments SA on February 14, 2025 to acquire ordinary shares in circulation of the company at a price of US $ 12,41 per ordinary action through a public acquisition offer that would give as would give Result that Tether collectively possesses 51% of ordinary shares in circulation of the company. “

In this framework and from this movement, The Board of Directors of the Agroindustrial Company held a meeting on February 16 with the aim of analyzing the terms and conditions of the proposal and He decided to hire legal and financial advisors to “help the Council in their evaluation of the proposal and determine if it is the best for all shareholders and the company. The Board of Directors will respond in due time. The company’s shareholders are not obliged to take any measure at this time, “they detailed from Adecoagro.

In September last year Tether had bought 9.8% of Adecoagro’s share capital, an operation that took the market by surprise, because so far the strong company in the world of cryptocurrencies had no assets in the agricultural business. But that was not all because with that movement it became the third largest shareholder of the firm, to then increase its position to 19.4%.

Adecoagro has a presence in Argentina, Brazil and Uruguay, quote your actions in the New York Stock Exchange forks Leader in South America in the production of renewable food and energy. In Argentina, in addition to being the main milk producerit has its production integrated vertically and elaborates fluid, flavored, creams, cheese and powdered milk.

At the local level, two dairy plants located in Chivilcoy, province of Buenos Aires and Morteros, Córdoba operate. These Two establishments bought them from the Láctea Sancor cooperative, Together with the brands The three girls and Angelita They have a presence in local gondolas. In addition, it is the main rice producer from the country and possesses four processing plants, with its wing mill brand, and has a market share of around 18%.

In Brazil, around 193,000 hectares of sugarcane which processes for the manufacture of sugar and ethanol. It is around 11 million tons of cane a year and has the capacity to produce up to 956,000 tons of sugar, 781,000 cubic meters of ethanol and 950,000 MWh of renewable electricity.

Meanwhile, with regard to agriculture, Sowing around 230,000 hectares of soybeans, corn, wheat and peanuts, among other crops, distributed between Argentina and Uruguay. As for its prospects, the company is focused on the added value in origin and that is why it is projected that its investments will be aimed at this segment.

Meanwhile Tether Limited is the company behind Tether, cryptocurrency of the stablecoin type that states that each of its tokens is backed by a US dollar. Specifically, this cryptocurrency It was the first stablecoin In existing. It was launched in 2014 by businessman Reeve Collins; Bitcoin Brock Pierce investor; and developer Craig Stellers. Since then it has become The most important for market capitalization.

Within this framework, the firm that is based in the British Virgin Islands, announced last year that it would diversify its operation by adding Bitcoin mining, artificial intelligence and education to its portfolio.