Crypto Firm Tether Makes 'Unsolicited' Offer to Buy Majority Stake in Adecoagro

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Farming Company Adecoagro Says Tether Submits Bid to Buy Majority Stake

(Bloomberg) — Adecoagro SA said stablecoin issuer Tether Holdings SA de CV has submitted a proposal to acquire a majority stake in the South American agricultural and energy production firm, in a transaction valued at around $385 million.

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Crypto Firm Tether Makes 'Unsolicited' Offer to Buy Majority Stake in Adecoagro

Tether, the crypto firm behind the $140 billion dollar USDT stablecoin, made an "unsolicited" proposal to acquire a majority stake in Latin American agricultural commodities producer firm Agrodeco (AGRO).Submitted on Feb. 14, the $12.41 per share offer was to bring to Tether's stake in the company from the current 19.4% to 51%, according to a Tuesday press release by Adecoagro.The Adecoagro board met on Feb. 16 to discuss the bid and has engaged…

La Criptomoneda

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The agreement, which would grant Tether’s ownership of 51% of Adecoagro, would involve a disbursement of $385 million. Tether is already invested in Adecoagro, which operates in Argentina and Brazil. Tether’s offers to acquire a majority stake in Adecoagro Tether, one of the largest companies in the cryptocurrency industry, [...] La entrada Making agriculture cool again: Tether pushes for a majority stake in Adecoagro was first published in La C…

DiarioBitcoin

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Tether started investing in Adecoagro last year, hoarding almost 20% of the stake in the company. Now he wants to expand his position to become the biggest owner of the agricultural producer.

Crypto Economy

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Tether Expands Its Offerings with TradeFi, a New Trade Finance Solution - Crypto Economy

TL;DR Tether has launched TradeFi, a blockchain-based platform aimed at improving global trade through financing solutions. TradeFi promotes financial inclusion and integrates industries by reducing costs and increasing efficiency in sectors like crude oil and copper. The company has diversified its investments into sectors like artificial intelligence, agriculture, and Bitcoin mining, while maintaining its dominance in the stablecoin market. T…

braziljournal.com

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Tether Investments, a giant in the cryptocurrency world, has made a proposal to take control of Adecoagro, one of the largest agricultural companies in Argentina. Nobody understood anything. In a relevant fact published yesterday, Tether made an unsolicited offer to take over 51% of Adecoagro paying US$ 12.41 per share — a premium of almost 30% compared to Monday's closing. Adecoagro shares soared 12% after the offering and closed at US$ 10.98 y…