Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12837
Markets: 99741
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12837
Cryptocurrencies
60.66%
Bitcoin Share
CoinGape 2025-02-18 14:51:01

Tether To Acquire Stake in South African Energy Company After Juventus Deal

Tether To Acquire Stake in South African Energy Company After Juventus Deal

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’s latest move aligns with its global investment expansion strategy, closely following its collaboration with Juventus. Tether to Buy Stake in Adecoagro: Details According to a recent press release , 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’s outstanding Common Shares at $12.41 per share through a tender offer. In response to the proposal, Adecoagro’s 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’s merits and its potential impact on shareholders. Acquisition Proposal and Further Proceedings 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’s shares. 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’s stockholders, who are advised to carefully review the documents. Significantly, Tether has bolstered its global expansion ambitions by acquiring a Digital Asset Service Provider (DASP) license in El Salvador and relocating its headquarters to the country. Tether’s Investment Expansion Strategies Tether’s 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. Recently, Tether entered into a strategic alliance with Italian football club Juventus. In a groundbreaking move, the platform has acquired 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, “We will explore avenues for innovative collaborations and the potential to revolutionize the global sports landscape.” The post Tether To Acquire Stake in South African Energy Company After Juventus Deal appeared first on CoinGape .

Most Read News



Cryptohopper
Market Cap
24h Vol
60.66%
Bitcoin Share
515
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.