FMC shares surge after Tessenderlo agrees to acquire 20% stake (FMC)
Key takeaways
- Under the definitive agreement, Tessenderlo will purchase FMC shares at $13.30 each, giving the Belgian industrial group ownership of roughly one-fifth of the company's outstanding common stock.
- FMC said the proceeds from the investment will allow it to achieve its target of reducing debt by approximately $1 billion.
- The agreement also brings to a close the strategic review process launched by the company in February 2026, with management reaffirming its commitment to remaining an independent business.
FMC shares surge after Tessenderlo agrees to acquire 20% stake (FMC) Fiona Craig Wed, July 1, 2026 at 9:10 PM GMT+7 2 min read FMC TESB.BR Crops growing in a field ©PXHere Belgian group to invest $400 million in FMC Shares of FMC Corporation (NYSE:FMC) climbed more than 8% in pre-market trading on Wednesday after the agricultural sciences company announced that Tessenderlo Group (XBRU:TESB) will acquire a 20% equity stake in a transaction valued at approximately $400 million.
Under the definitive agreement, Tessenderlo will purchase FMC shares at $13.30 each, giving the Belgian industrial group ownership of roughly one-fifth of the company's outstanding common stock.
FMC said the proceeds from the investment will allow it to achieve its target of reducing debt by approximately $1 billion.