{"id":370688,"date":"2025-02-18T20:30:19","date_gmt":"2025-02-18T15:00:19","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=370688"},"modified":"2025-02-18T20:30:19","modified_gmt":"2025-02-18T15:00:19","slug":"tether-to-acquire-stake-in-south-african-energy-company-after-juventus-deal-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/tether-to-acquire-stake-in-south-african-energy-company-after-juventus-deal-crypto-news\/","title":{"rendered":"Tether To Acquire Stake in South African Energy Company After Juventus Deal – Crypto News"},"content":{"rendered":"

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In an astounding development, Tether is planning to invest in the South African energy company Adecoagro S.A. The company reportedly received a preliminary bid from Tether Investments to purchase a significant stake. Tether\u2019s latest move aligns with its global investment expansion strategy, closely following its collaboration with Juventus.<\/p>\n

Tether to Buy Stake in Adecoagro: Details<\/h2>\n

According to a recent press release<\/a>, Tether, the issuer of the prominent stablecoin USDT, is planning to acquire a 51% stake in the South African sustainable production company. Reportedly, the stablecoin issuer submitted an unsolicited non-binding proposal to the energy firm on February 14. The proposed deal involves buying 51% of the company\u2019s outstanding Common Shares at $12.41 per share through a tender offer.<\/p>\n

In response to the proposal, Adecoagro\u2019s Board of Directors held a meeting on February 16 to discuss the potential benefits of the proposal. The team has decided to solicit expert legal and financial counsel to evaluate the offer\u2019s merits and its potential impact on shareholders.<\/p>\n

Acquisition Proposal and Further Proceedings<\/h2>\n

Notably, Tether is already a significant stakeholder of the company, holding approximately 19.4% of its outstanding Common Shares, as disclosed in its last public filing on Schedule 13D dated November 14, 2024. If the recent proposal is accepted, Tether will hold a majority stake in the company\u2019s shares.<\/p>\n

However, the tender offer has not yet commenced. Once it commences, the stablecoin issuer will submit a tender offer statement to the Securities and Exchange Commission (SEC). In response, Adecoagro will file a Solicitation\/Recommendation Statement related to the tender offer. These filings will carry crucial information for Adecoagro\u2019s stockholders, who are advised to carefully review the documents.<\/p>\n

Significantly, Tether has bolstered<\/a> its global expansion ambitions by acquiring a Digital Asset Service Provider (DASP) license in El Salvador and relocating its headquarters to the country.<\/p>\n

Tether\u2019s Investment Expansion Strategies<\/h2>\n

Tether\u2019s recent stake acquisition proposal aligns with its vision of global expansion. Tether has already revealed its plans to accelerate investments and acquisitions, leveraging its growing assets to invest in diverse areas.<\/p>\n

Recently, Tether entered into a strategic alliance with Italian football club Juventus. In a groundbreaking move, the platform has acquired<\/a> a minority stake in Juventus, paving the way for integrating its cutting-edge technology with the sports sector. Commenting on the collaboration, Tether CEO Paolo Ardoino stated, \u201cWe will explore avenues for innovative collaborations and the potential to revolutionize the global sports landscape.\u201d<\/p>\n

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Nynu V Jamal <\/p>\n<\/p><\/div>\n

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content. <\/p>\n<\/p><\/div>\n

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n

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In an astounding development, Tether is planning to invest in the South African energy company Adecoagro S.A. The company reportedly received a preliminary bid from Tether Investments to purchase a significant stake. Tether\u2019s latest move aligns with its global investment expansion strategy, closely following its collaboration with Juventus. Tether to Buy Stake in Adecoagro: Details […]<\/p>\n","protected":false},"author":2,"featured_media":370690,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-370688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/370688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=370688"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/370688\/revisions"}],"predecessor-version":[{"id":370694,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/370688\/revisions\/370694"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/370690"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=370688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=370688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=370688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}