FMC Corporation and Tessenderlo Group have finalized a definitive agreement for Tessenderlo to make a minority investment of about $400 million in FMC, at $13.30 per share. This investment will grant Tessenderlo approximately 20% ownership of FMC’s outstanding common stock.
FMC plans to use the investment proceeds to reduce debt and aims to achieve its target of approximately $1 billion in debt paydown. The transaction also reflects FMC’s completion of a strategic review announced in February 2026, positioning the company for operational independence to advance its R&D and commercialization efforts.
Recent actions taken by FMC to enhance financial flexibility include amending its revolving credit facility, raising $1.2 billion through a high-yield bond offering, selling its India business for $252 million, establishing a strategic agreement with Corteva worth $200 million, and a $114 million sale-and-leaseback of its Newark property.
Tessenderlo Group, based in Belgium, operates in agriculture and various industrial solutions and recorded €2.8 billion in revenue for 2025. The closing of the transaction is subject to standard conditions, including regulatory approvals.
Key quotes from leadership include:
- Luc Tack, CEO of Tessenderlo Group: Emphasized the investment aligns with Tessenderlo’s strategy to expand its agro platform through minority stakes in quality companies.
- Pierre Brondeau, Chairman and CEO of FMC: Expressed confidence in the agreement as a beneficial path forward and highlighted FMC’s improved leverage and liquidity as a foundation for growth.
