Marval assists Adecoagro in acquisition by Tether Investments
Marval acted as local legal counsel to Adecoagro in the acquisition of a majority stake by Tether Investments, a member of the Tether group _ a global leader in digital assets and issuer of the USDT stablecoin. The transaction was structured as a tender offer for up to 49,596,510 common shares of Adecoagro at a price of USD 12.41 per share, representing approximately 49.6% of the share capital.
Including the shares already owned by Tether, its total stake in the company now amounts to approximately 70%. Adecoagro is one of South America’s leading agribusiness companies and operates in Argentina, Brazil, and Uruguay.
The transaction was approved by Adecoagro’s board of directors and was completed on April 24, 2025, upon compliance with the established conditions, including the acceptance of at least 51 % of the outstanding shares on a fully diluted basis.
The Marval team was led py partner Pablo Viñals Blake (pictured) and senior associate Ignacio Torino Zavaleta.
The transaction was led by Davis Polk & Wardwell as international legal counsel to Adecoagro, while McDermott Will & Emery represented Tether Investments. Adecoagro operates in Argentina, Brazil, and Uruguay.
