Tether bids for control of South America’s 1 million MWh renewable energy company Adecoagro

Tether is moving to expand its ownership in Adecoagro, a South American agribusiness and energy company.

According to a Feb. 18 statement, the stablecoin issuer submitted a non-binding proposal on Feb. 14, offering to purchase the remaining common shares of the agribusiness at $12.41 per share.

If approved, this acquisition would raise Tether’s stake from 19.4% to 51%, making it the dominant shareholder of the agribusiness.

Adecoagro’s Board of Directors said it is proceeding cautiously with the offer.

The firm said a meeting was held on Feb. 16 to review the offer, and the board has decided to bring in legal and financial advisors to assess its implications.

A final decision will be made after a thorough evaluation to determine its impact on shareholders and the company’s future.

Adecoagro operates across Argentina, Brazil, and Uruguay, managing 210,400 hectares of farmland and several industrial facilities. The company produces over 2.8 million tons of agricultural goods and generates more than 1 million MWh of renewable electricity annually.

Tether’s push for a controlling stake in an agribusiness aligns with its recent strategy of diversifying beyond stablecoins. Over the past year, the Paolo Ardoino-led firm has invested significantly in diverse areas such as Bitcoin mining, artificial intelligence, and even a football club.

Meanwhile, the firm’s flagship product, USDT, remains the largest stablecoin, with a market capitalization exceeding $140 billion and controlling around 70% of the industry.

Tether has also signed a strategic agreement with Guinea’s government to support the country’s digital transformation.

The Memorandum of Understanding (MoU) aims to harness blockchain and peer-to-peer technologies to accelerate economic growth and position Guinea as a leader in Africa’s digital economy.

A core aspect of this initiative focuses on education. Tether plans to work with the City of Science and Innovation of Guinea (CSIG) to introduce programs that build digital literacy and blockchain expertise. These efforts will provide individuals with essential technical skills to support the public and private sectors.

Additionally, the partnership will contribute to Guinea’s Innovation City project. Tether aims to support the creation of a thriving hub for technology, research, and entrepreneurship in the region.

Ardoino said:

“This MoU reflects our commitment to helping countries build resilient digital economies. Together, we aim to implement efficient blockchain solutions that benefit both public and private sectors, paving the way for economic growth and establishing Guinea as a leader in technological innovation.”

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