Adecoagro (AGRO) Higher by More Than 7% on Boosted Tether Investment

After several weeks of negotiations, the giant of the cryptic world Tether reached an agreement with the agro-industrial group Adecoagro, born with Argentine management, to buy more than 49 million shares, which will allow it to control at least 51% of the company, provided that they sell the dozens of shareholders that the agro firm has. Today Tether owns 19.4% of the shares. In silver the transaction would climb to more than US$600 million, ac…

Adecoagro (AGRO) Higher by More Than 7% on Boosted Tether Investment

AGRO shares jumped nearly 7% to $11.92 in pre-market trading following the announcement.

Adecoagro (AGRO) and Tether Investments announced to the United States Securities Commission (SEC) that they reached an agreement for the crypto giant to acquire at least 51% of the shares of the Argentine agricultural company. In a letter sent to the U.S. regulator, the companies indicated that they concluded a transaction agreement, so Tether will without delay initiate a public offer of acquisition of up to 49,596,510 ordinary shares of the c…

The company Adecoagro, one of the most important agribusiness holding companies in Argentina, confirmed in the last few hours that it will receive a strong investment from a global giant in the world of cryptocurrencies. It is specifically the Tether Group, issuer of the USDT stablecoin – the cryptocurrency tied to the most operated dollar in the world – that reached an agreement to buy through the public offer up to 49.5 million Adecoagro share…

Born in 2002 Adecoagro, a company that began producing raw materials in Argentina, expanded to Uruguay and Brazil and today presents itself as a leader in food and renewable energies, with a marked expansion in recent years with the dairy business. With brands known as Molinos Ala or Las Tres Niñas, it experienced the biggest expansion in 2019 when they acquired two plants from SanCor, to open opportunities in the dairy business that continues t…

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

​Adecoagro S.A., a leading sustainable production company in South America, has entered into a transaction agreement with Tether. In technicality, the agreement is with Tether Investments S.A. de C.V., part of the Tether Group, which includes the issuer of USDT…