AGRO
📰 Tether intends to acquire 70% of Adecoagro through a public acquisition offer at $12.41 per share, representing a nearly $6 billion investment.
🤝 Adecoagro’s CEO expressed enthusiasm for Tether’s entry as a majority shareholder, highlighting support for innovation and sustainable development in the region.
📈 Tether’s CEO emphasized Adecoagro’s track record and affirmed interest in high-growth production sectors within the country, signaling confidence in its potential.
@marcosemmimfp:
“Adecoagro approved the offer. Tether, the crypto giant, closed the deal to acquire 70% of Adecoagro through a public acquisition offer at $12.41 per share, implying an investment of almost $6 billion. Currently, the company owns 19.4% of the South American agribusiness and seeks to consolidate its control at the table with a 51% stake. The CEO of Adecoagro expressed enthusiasm about Tether’s incorporation as a majority shareholder, highlighting its support and innovation in sustainable development in the region. On Tether’s part, CEO Pablo Ardoino underscored Adecoagro’s trajectory and affirmed interest in high-growth production sectors with potential in the country. This transaction adds another investment in the country, like its conversations with Bioceres.”
Watch the exact part of the video where @marcosemmimfp talks about Adecoagro here:
Watch the video on YouTube
Read more articles analyzing Adecoagro (AGRO) at the following link. AGRO stock.
