FMC Cleans Up Portfolio With GSS Sale, Eyes Debt Reduction and Goes Green
FMC Cleans Up Portfolio With GSS Sale, Eyes Debt Reduction and Goes Green
FMC Corporation (NYSE:FMC) shares are trading higher today. The company finalized an agreement to sell its Global Specialty Solutions (GSS) business to Environmental Science US, known as Envu, for $350 million, subject to closing working capital adjustment.
今天，FMC股份有限公司(NYSE:FMC)股价上涨。这家公司达成协议，将其全球环境解决方案业务(Global Specialty Solutions (GSS))出售给美国环境科学公司(Environmental Science US)，也称为Envu，价格为3.5亿美元，需视具体实现状况而定。
FMC plans to use the proceeds from the sale to reduce debt. The transaction is expected to close by the end of 2024, pending regulatory approval and other customary conditions.
FMC计划用出售收益来减轻债务负担。这笔交易预计将在2024年底关闭，前提是得到监管机构的批准和其他惯例条件的满足。
Also Read: Agricultural Science Company FMC's 'Project Focus' Aims To Harvest ~$150M Savings In Global Restructuring & More.
此外，农业科技公司FMC的"Project Focus"计划旨在在全球重组和其他领域内收获约1.5亿美元的节约。
Marco Strizzi, Senior Principal at Cinven, said, "We are delighted to bring together two highly respected, complementary businesses with a shared focus on delivering seamless customer service and product innovation in the attractive environmental science market."
Cinven高级主管Marco Strizzi表示:"我们很高兴将两家享有盛誉且互相补充的企业联合起来，共同关注于在有吸引力的环保科技市场上提供无缝的客户服务和产品创新。"
"We see FMC GSS as a compelling addition to Envu strategically and financially and look forward to continuing to support the combined business' strong growth trajectory."
"我们认为FMC GSS对于Envu在战略和财务上都是一项有吸引力的补充，并期待继续支持这家合并公司的强劲增长轨迹。"
Notably, in November 2023, FMC disclosed plans to explore strategic alternatives for its GSS business, which serves diverse non-crop markets such as golf courses, sports stadiums, and pest control.
值得注意的是，在2023年11月，FMC披露了计划探索其GSS业务的战略选择，该业务服务于多个非农作物市场，例如高尔夫球场、体育场馆和害虫控制。
Last month, FMC's Board of Directors appointed Pierre Brondeau as chief executive officer and board chairman. He succeeded Mark Douglas, who stepped down after more than 14 years with the company.
上个月，FMC的董事会任命Pierre Brondeau为首席执行官和董事会主席。他接替Mark Douglas，后者离开公司已超过14年。
The company plans to release its second quarter 2024 earnings on July 31, 2024.
该公司计划于2024年7月31日发布第二季度财报。
Investors can gain exposure to the stock via First Trust Materials AlphaDEX Fund (NYSE:FXZ) and Global X AgTech & Food Innovation ETF (NASDAQ:KROP).
投资者可以通过First Trust Materials AlphaDEX Fund (NYSE:FXZ)和Global X AgTech Food Innovation ETF (NASDAQ:KROP)获得该股票的投资机会。
Price Action: FMC shares are up 0.35% at $56.90 premarket at the last check Friday.
股票价格走势：FMC股价预市上涨0.35％，最后查看时间为星期五。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免责声明：本内容部分使用人工智能工具生成，并经Benzinga编辑审核发布。
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图片来自shutterstock。