#None #Tether #Adecoagro #Stock Acquisition

Adecoagro S.A. Initiates Discussions with Tether

Adecoagro S.A., a major player in sustainable agriculture in South America, has begun talks with Tether Investments S.A. regarding a significant proposal. This venture includes Tether's offer to acquire outstanding common shares of Adecoagro at a proposed price of $12.41 per share through a tender offer. If successful, this acquisition would see Tether controlling 51% of Adecoagro’s outstanding shares, marking a pivotal move in the company’s strategic journey.

The discussions were spurred by Tether’s interest in expanding its involvement in the agricultural sector, particularly through investments that prioritize sustainability. Adecoagro, with its extensive portfolio of 210,400 hectares of farmland in Argentina, Brazil, and Uruguay, produces substantial agricultural output and renewable energy, thus fitting Tether’s investment criteria.

In order to facilitate these negotiations, Adecoagro has entered into an Exclusivity Letter with Tether, ensuring that both parties can engage in discussions without interference from potential competing offers. However, both parties acknowledge that no definitive agreement has been reached, and there are no guarantees regarding the finalization of this transaction.

The Board of Directors and the management team at Adecoagro remain focused on enhancing shareholder value and are carefully evaluating the implications of this proposal. They have advised shareholders that they need not take any immediate action as the discussions are still in the early stages. Further details will be disclosed as deemed necessary, but the company aims to keep stakeholders informed of any significant updates.

Adecoagro’s commitment to sustainability is reflected in its operations, which produce over 2.8 million tons of agricultural products and generate more than 1 million MWh of renewable electricity. The company’s strategic positioning in key agricultural areas aligns with Tether’s investment strategy, aimed at furthering advancements in sustainable production methodologies.

In light of this news, shareholders are encouraged to stay alert for future communications regarding the outcome of these negotiations. Adecoagro has indicated that the tender offer process will be accompanied by the necessary regulatory filings, which will provide more clarity on the situation.

It’s important for the investing community to note that this announcement is primarily for informational purposes and does not constitute a solicitation or investment offer. The definitive terms of any potential offer will only be available once the actual tender process commences.

As discussions continue, both Adecoagro and Tether will need to navigate the complexities of this venture, aligning their goals and assessing market conditions to ascertain the feasibility of the proposed acquisition.