24 September 2026, Philadelphia: FMC Corporation has completed the previously announced minority equity investment by Belgian industrial group Tessenderlo Group (XBRU: TESB).
The companies entered into a definitive investment agreement on June 30, 2026. The transaction has now closed after all required closing conditions and regulatory approvals were satisfied.
Under the agreement, Tessenderlo Group acquired 30,319,166 shares of FMC common stock at $13.30 per share, representing an aggregate investment of approximately $403 million. Following the transaction, Tessenderlo Group holds approximately 20% of FMC’s outstanding common stock.
As part of the investment, Tessenderlo Group has the right to nominate one independent director to FMC’s Board of Directors. The company has nominated Luc Tack, Chief Executive Officer of Tessenderlo Group, for the position.
Tessenderlo Group has also agreed to customary standstill provisions for as long as it continues to hold FMC shares, along with a three-year lock-up period covering its investment.
BofA Securities and Goldman Sachs & Co. LLC acted as financial advisors to FMC, while Davis Polk & Wardwell LLP served as its legal counsel.
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