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Sep. 25, 2026 Source: FMC news release Philadelphia, PA -- 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. About FMC FMC Corporation is a global agricultural sciences company dedicated to helping growers produce food, feed, fiber and fuel for an expanding world population while adapting to a changing environment. FMC's innovative crop protection solutions - including biologicals, crop nutrition, digital and precision agriculture - enable growers and crop advisers to address their toughest challenges economically while protecting the environment. FMC is committed to discovering new herbicide, insecticide and fungicide active ingredients, product formulations and pioneering technologies that are consistently better for the planet. Visit fmc.com to learn more and follow us on LinkedIn®. About Tessenderlo Group Tessenderlo Group is an industrial group that focuses on agriculture, valorising bio-residuals, machinery, mechanical engineering, electronics, energy, and providing industrial solutions with a focus on water. With its headquarters in Belgium, the group is active in over 100 countries and it has a global team of approximately 7,000 employees. Its belief that "Every Molecule Counts" is at the heart of the strategy of the group: Tessenderlo Group continually strives to valorise its products and processes to the maximum and to add value to everything it does. In 2025, Tessenderlo Group recorded a consolidated revenue of 2.8 billion EUR. Tessenderlo Group is listed on Euronext Brussels and is part of the Next 150 and BEL Mid indices. Financial News wires: Bloomberg: TESB BB - Reuters: TESB.BR - Datastream: B:Tes. For more information about Tessenderlo Group, its people, its brands, and its results, please visit www.tessenderlo.com. Tweet |
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