Adecoagro Announces It Has Entered Into A Transaction Agreement With Tether Investments

Core Viewpoint - Adecoagro S.A. has entered into a Transaction Agreement with Tether Investments S.A. de C.V. for Tether to acquire up to 49,596,510 Common Shares at a price of $12.41 per share, which will result in Tether owning approximately 70% of the outstanding shares of Adecoagro upon completion of the transaction [1] Group 1: Company Overview - Adecoagro is a leading sustainable production company in South America, owning 210.4 thousand hectares of farmland and producing over 2.8 million tons of agricultural products and over 1 million MWh of renewable electricity [4] - The company operates in the agribusiness sector, focusing on food and renewable energy production while integrating cutting-edge technology across its four business segments [2] Group 2: Transaction Details - The tender offer by Tether is subject to conditions, including the valid tendering of shares representing at least 51% of the outstanding shares on a fully diluted basis [1] - The transaction has been unanimously approved by Adecoagro's Board of Directors, indicating strong internal support for the deal [1] Group 3: Management and Strategic Vision - Mariano Bosch, CEO of Adecoagro, expressed excitement about Tether's involvement, highlighting the alignment of entrepreneurial spirit and the importance of technology in the company's growth strategy [2] - The transaction is expected to enhance the governance model of Adecoagro by incorporating new directors while retaining some current members [2][3] - Emilio Gnecco, CFO of Adecoagro, noted that the company is well-positioned for long-term sustainable growth and that Tether's investment will enable a more ambitious growth plan [3] Group 4: Tether's Commitment - Tether's CEO, Paolo Ardoino, emphasized the company's commitment to investing in sustainable and innovative companies, aligning with Tether's broader strategy to support economic freedom and resilience [3]