Tether Acquires 70% of Adecoagro in Majority Stake Deal

Adecoagro S.A. Acquires YPF’s Remaining 50% Stake in Profertil S.A.

December 15, 2025

Data & Analytics

Adecoagro S.A. completed the acquisition of YPF S.A.’s remaining 50% stake in Profertil S.A., bringing Adecoagro’s ownership to 90% and leaving Asociación de Cooperativas Argentinas (ACA) with 10%. The deal values Adecoagro’s acquisition at approximately US$1.1 billion and follows Adecoagro’s prior closing of Nutrien’s 50% stake in Profertil.

Iberdrola Acquires Remaining 18.4% of Avangrid for $2.6 Billion

May 20, 2024

Energy

Avangrid has entered into a definitive agreement with Iberdrola under which Iberdrola will acquire the remaining 18.4% of Avangrid shares it does not currently own for $35.75 per share in an all-cash transaction. The merger will make Avangrid a wholly owned subsidiary of Iberdrola, with closing expected in the fourth quarter 2024 subject to customary conditions and regulatory approvals.

Legrand to Acquire a Majority Stake in Cogelec

July 9, 2025

IT Services

Legrand France, a subsidiary of Legrand, has signed an agreement to acquire all shares of Cogelec Développement, which indirectly holds 60.09% of Cogelec’s share capital and 78.39% of voting rights. If completed, Legrand will launch a mandatory simplified tender offer for the remaining Cogelec shares at €29 per share, with potential squeeze-out thereafter.

Masdar Acquires 70% of TERNA ENERGY

November 28, 2024

Renewable Energy

Abu Dhabi Future Energy Company PJSC (Masdar) has completed the acquisition of 70% of the outstanding shares of TERNA ENERGY SA from GEK TERNA SA and other shareholders at €20 per share, valuing TERNA ENERGY at an enterprise value of €3.2 billion. Masdar will seek regulatory approval to launch an all-cash mandatory tender offer for the remaining shares and plans to scale TERNA ENERGY's renewable capacity to 6 GW by 2029 as part of a broader push to expand its European platform.

ProA Capital Acquires Majority Stake in Grupo Amara

May 14, 2021

Energy

Spanish private equity firm ProA Capital has acquired a majority stake in Grupo Amara (Amara), a 60-year-old distributor of electrical material and supplier to the renewable energy and telecom sectors. Management, led by Pablo Arnús and Gonzalo Errejón, remain in place and retain a significant share; ProA's investment is intended to provide financial backing for growth and international expansion (notably the United States).

10X Capital Venture Acquisition Corp. II Completes Business Combination With African Agriculture, Inc.

December 6, 2023

Agriculture

10X Capital Venture Acquisition Corp. II completed its merger with African Agriculture, Inc., with the combined company changing its name to African Agriculture Holdings Inc. and beginning trading on the Nasdaq Global Market under the ticker AAGR. The transaction brings a commercial-scale alfalfa farming operation (currently ~750 acres in production out of ~62,000 acres secured in Senegal) to the U.S. public markets and is intended to fund scaling of agricultural production and geographic expansion across Africa.