FMC Corporation, a global agricultural sciences company, has struck a definitive agreement with Belgium’s Tessenderlo Group for a $400 million strategic minority investment that will see the industrial group acquire roughly 20% of FMC’s outstanding shares.

 

Under the deal, Tessenderlo will invest at a price of $13.30 per share, deepening its exposure to FMC’s crop protection business and its next-generation agrochemical pipeline.

 

"Our investment in FMC perfectly aligns with Tessenderlo Group’s strategy to expand our agro platform through strategic cornerstone investments whereby we take a minority position in high-quality companies. 

 

"FMC offers an attractive opportunity to invest in a business with meaningful long-term potential driven by a new generation of proprietary molecules that are renewing its portfolio and strengthening its competitive position,” said Luc Tack, chief executive officer, Tessenderlo Group.

 

FMC leadership framed the transaction as the culmination of a structured strategic review. “This agreement follows a comprehensive and deliberate process, and our Board is confident that entering into this agreement is the best path forward for our company and its shareholders,” said Pierre Brondeau, chairman, chief executive officer and president.

 

The investment effectively closes FMC’s strategic options review launched in February 2026 and is expected to accelerate its balance-sheet overhaul. 

 

The company plans to deploy proceeds toward debt reduction, targeting approximately $1 billion in paydown and reinforcing its ability to operate independently while continuing to invest in R&D and commercialization.

 

FMC has already taken multiple steps in recent months to strengthen its financial position, including amending its revolving credit facility to secure covenant relief, raising $1.2 billion through a secured high-yield bond offering, agreeing to sell its India commercial business for $252 million, entering a supply and license agreement with Corteva, Inc. that includes a $200 million prepayment, and signing a $114 million sale-leaseback deal for its Newark, Delaware property.

 

"We believe the strategic and operational actions taken by FMC over the last several months, combined with our significantly improved leverage and liquidity position, will deliver value to our shareholders, putting FMC on a path to growth as we strongly serve our customers and markets,” Brondeau added.