Tessenderlo Group buys 30,319,166 FMC shares for USD 403 million, takes 20% stake

Tessenderlo Group closed a minority equity investment in FMC, buying 30,319,166 common shares at USD 13.3 each.

• The transaction size totaled about USD 403 million.
• The stake equals about 20% of outstanding common stock.
• The investment grants Tessenderlo the right to nominate one independent director, with Luc Tack nominated to the board.
• Tessenderlo accepted standstill restrictions, with a three-year lock-up on its FMC shares.