FMC Corporation (FMC), an agricultural sciences firm, and Tessenderlo Group NV (TESB.BR), a Belgian industrial company, have entered into an agreement under which Tessenderlo will invest approximately $400 million, purchasing shares at $13.30 each for a minority stake.
Following the transaction, Tessenderlo will hold roughly 20 % of FMC’s outstanding shares.
Luc Tack, CEO of Tessenderlo, stated: “Our investment in FMC aligns precisely with Tessenderlo Group’s strategy to grow our agro platform by making strategic cornerstone investments in high‑quality companies, acquiring a minority stake.”
FMC plans to use the proceeds to repay debt, advancing toward its approximately $1 billion debt‑reduction goal. This transaction concludes FMC’s previously announced February search for strategic partners.
