Tether Acquires 70% of Adecoagro in Majority Stake Deal

Ecopetrol Investimentos do Brasil Continues Tender Offer for Share Acquisition

July 16, 2026

Energy

Ecopetrol Investimentos do Brasil (a controlled company of Ecopetrol S.A.) received a Brazilian Securities and Exchange Commission (CVM) letter lifting the suspension previously imposed on the public tender offer for the acquisition of shares (OPAV). The CVM ruling requires Ecopetrol Investimentos to amend and re-publish the OPAV offer document, including updating the auction date.

Tether International Acquires SoftBank’s Stake in Twenty One Capital

May 20, 2026

Financial Services

Tether International, S.A. de C.V., the controlling shareholder of Twenty One Capital (“XXI”), acquired SoftBank’s stake in XXI. Following closing, SoftBank representatives stepped down from the XXI Board in line with the company’s shareholder agreement.

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.

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.

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.