FMC Corporation and Tessenderlo Group Complete Minority Equity Investment
24 September 2026, Philadelphia: FMC Corporation (NYSE: FMC), a leading global agricultural sciences company, and Tessenderlo Group (XBRU: TESB), a Belgian-based industrial group, today announced the closing of a minority equity investment by Tessenderlo Group in FMC. The companies entered into a definitive agreement on June 30, 2026, and have satisfied all required closing conditions and regulatory approvals.
Under the terms of the transaction, Tessenderlo Group purchased 30,319,166 shares of FMC common stock at a price of $13.30 per share, for an aggregate purchase price of approximately $403 million. Tessenderlo Group now owns approximately 20.0% of FMC’s outstanding common stock.
As part of the investment, Tessenderlo Group has the right to nominate one independent director to the FMC Board of Directors and has nominated Luc Tack, chief executive officer of Tessenderlo Group. Tessenderlo Group has also agreed to customary standstill restrictions for so long as it owns FMC shares and is subject to a three-year lock-up period.
BofA Securities and Goldman Sachs & Co. LLC served as financial advisors and Davis Polk & Wardwell LLP served as legal counsel to FMC Corporation.
Stibbe BV/SRL and Sullivan & Cromwell LLP served as legal advisors to Tessenderlo Group NV.
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