01 July 2026, Belgium: FMC Corporation has entered into a definitive agreement with Tessenderlo Group for a strategic minority equity investment valued at approximately US$400 million.
Under the agreement, Tessenderlo Group will acquire shares in FMC at US$13.30 per share, resulting in an ownership stake of approximately 20% of FMC’s outstanding common stock upon completion of the transaction.
The investment forms part of Tessenderlo Group’s strategy of building its agricultural portfolio through minority investments in companies with long-term growth potential. The company said FMC’s innovation pipeline, including a new generation of proprietary crop protection molecules, provides an attractive opportunity for long-term value creation.
For FMC, the investment marks the conclusion of the strategic alternatives review initiated by its Board of Directors in February 2026. The company plans to use the proceeds primarily to reduce debt, enabling it to achieve its target of approximately US$1 billion in debt repayment while continuing to operate as an independent company.
FMC said the stronger financial position will support execution of its operational and strategic priorities, including advancing its research and development pipeline and accelerating commercialization of new agricultural technologies.
In recent months, FMC has undertaken several initiatives to improve liquidity and financial flexibility. These include amending its revolving credit facility, raising US$1.2 billion through a secured high-yield bond offering, agreeing to sell its India commercial business for US$252 million, signing a strategic supply and licensing agreement with Corteva, Inc.that includes an initial US$200 million prepayment, and entering into a framework agreement for a US$114 million sale-and-leaseback of its property in Newark, Delaware.
The transaction remains subject to customary closing conditions, including regulatory approvals. Once completed, FMC expects the strengthened balance sheet and improved liquidity to support its long-term growth strategy and continued investment in agricultural innovation.
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