Tether Plans Investment in South African Energy Firm Adecoagro
- Tether Investments has made a preliminary bid to acquire a significant stake in Adecoagro S.A.
- Adecoagro’s Board of Directors met on February 16 to evaluate the proposal’s benefits.
- The tender offer process has not yet begun; Tether will submit details to the SEC once it does.
- Adecoagro will file a Solicitation/Recommendation Statement for its stockholders upon the tender offer’s commencement.
- Tether has recently obtained a Digital Asset Service Provider license and relocated its headquarters to El Salvador.
Tether is expanding its global investment strategy by planning to acquire a stake in Adecoagro, following recent moves including obtaining a DASP license in El Salvador and partnering with Juventus.
Source (2.6)https://coingape.com/tether-to-acquire-stake-in-south-african-energy-company-after-juventus-deal/?rand=24432
