Tessenderlo Group agrees to invest $400M in FMC Corporation, securing a minority equity position at $13.30 per share.
Tessenderlo Group will purchase a roughly 20% stake in FMC Corporation for $400M, valuing shares at $13.30 each. The strategic minority investment follows a definitive agreement announced Tuesday.
The deal marks a significant equity infusion into FMC, a key player in agricultural sciences. No prior stake or recent comparable transactions were disclosed in the agreement.
Completion of the investment is pending regulatory and customary closing conditions.