Tether Eyes Majority Stake in South African Energy Firm – Here’s Why
Nidhi Kolhapur19 Feb 20251 min read
Tether is expanding its global investment portfolio with a new bid to acquire a majority stake in South Africa’s Adecoagro S.A., a sustainable production company. This move follows its recent partnership with Italian football giant Juventus.
Tether Bids for 51% Stake in Adecoagro
According to a recent press release, Tether, the issuer of USDT, has made an offer to buy 51% of Adecoagro’s shares at $12.41 per share through a tender offer. The proposal, submitted on February 14, is non-binding and unsolicited.
Tether is already a shareholder in the company, holding around 19.4% of its outstanding common shares, as per its latest filing on Schedule 13D dated November 14, 2024. If approved, this acquisition would make Tether the majority shareholder, significantly increasing its influence over the agribusiness.
On February 16, 2025, Adecoagro’s Board of Directors met to review the proposal. To ensure the best decision for shareholders, they have brought in legal and financial advisors to assess the offer.
Tether’s Expanding Global Strategy
Tether has been actively broadening its reach beyond the crypto sector. Recently, it secured a Digital Asset Service Provider (DASP) license in El Salvador and moved its headquarters there, strengthening its presence in the region.
The company is also venturing into sports through a strategic partnership with Juventus. By acquiring a minority stake in the football club, Tether aims to integrate its blockchain technology with the sports industry in new and innovative ways.
With strategic moves in finance, sports, and now sustainable energy, Tether’s playbook is anything but conventional.
