Under the terms of the agreement finalized on September 23, 2026, Tessenderlo Group purchased 30,319,166 shares of FMC common stock at $13.30 per share. This transaction establishes a significant minority position for the Belgian group, which has committed to a three-year lock-up period and standard standstill restrictions.
As part of the governance changes accompanying the investment, Luc Tack, CEO of Tessenderlo Group, has been nominated to join the FMC Board of Directors. BofA Securities and Goldman Sachs acted as financial advisors for FMC, while legal counsel was provided by Davis Polk & Wardwell, Stibbe, and Sullivan & Cromwell.
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