We are advising FMC on the transaction

Davis Polk is advising FMC Corporation in connection with a strategic minority equity investment by Tessenderlo Group. Under the terms of the agreement, Tessenderlo Group will invest approximately $400 million in FMC at a price of $13.30 per share. Upon completion, Tessenderlo Group will own approximately 20% of FMC’s outstanding common stock. The closing of the transaction is subject to customary conditions, including the receipt of regulatory approvals.

FMC is a global agricultural sciences company dedicated to helping growers produce food, feed, fiber and fuel for an expanding world population while adapting to a changing environment. FMC’s innovative crop protection solutions – including biologicals, crop nutrition, digital and precision agriculture – enable growers and crop advisers to address their toughest challenges economically while protecting the environment.

Tessenderlo Group is an industrial group that focuses on agriculture, valorizing bio-residuals, machinery, mechanical engineering, electronics, energy and providing industrial solutions with a focus on water. Headquartered in Belgium, the group is active in over 100 countries and has a global team of approximately 7,000 employees.

The Davis Polk corporate team includes partners William H. Aaronson and Cheryl Chan and counsel Joshua B. Pittell. Partner Michael Kaplan is providing capital markets advice. Partner William A. Curran is providing tax advice. Partners Howard Shelanski and Matthew Yeowart and counsel Suzanne Munck af Rosenschold and Charles Pommiès are providing antitrust and competition advice. Members of the Davis Polk team are based in the New York, London, Brussels and Washington DC offices.

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