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FMC Corporation Reaches Agreement for $400 Million Minority Equity Investment from Tessenderlo Group

  • FMC Corporation & Tessenderlo Group entered a definitive agreement for a $400 million strategic minority equity investment in FMC at $13.30 per share.
  • Upon transaction completion, Tessenderlo Group will own approximately 20.0% of FMC's outstanding common stock.
  • FMC intends to use the investment proceeds to achieve its target of approximately $1 billion in debt paydown.
  • The agreement concludes FMC's strategic options review announced in February 2026 & allows FMC to continue operating as an independent company.
  • Recent financial steps by FMC include amending its Revolving Credit Facility, raising $1.2 billion in secured bonds, selling its India commercial business for $252 million, securing a $200 million prepayment from Corteva, Inc., & signing a $114 million sale & leaseback agreement for its Newark property.
  • The transaction closing remains subject to customary conditions, including regulatory approvals.
  • BofA Securities & Goldman Sachs & Co. LLC serve as financial advisors to FMC, while Davis Polk & Wardwell LLP acts as legal counsel.
  • Stibbe BV/SRL & Sullivan & Cromwell LLP serve as legal advisors to Tessenderlo Group.