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
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."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)股價上漲。這家公司達成協議，將其全球環境解決方案業務(Global Specialty Solutions (GSS))出售給美國環境科學公司(Environmental Science US)，也稱爲Envu，價格爲3.5億美元，需視具體實現狀況而定。
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計劃用出售收益來減輕債務負擔。這筆交易預計將在2024年底關閉，前提是得到監管機構的批准和其他慣例條件的滿足。
Also Read: Agricultural Science Company FMC's 'Project Focus' Aims To Harvest ~$150M Savings In Global Restructuring & More.
此外，農業科技公司FMC的"Project Focus"計劃旨在在全球重組和其他領域內收穫約1.5億美元的節約。
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高級主管Marco Strizzi表示:"我們很高興將兩家享有盛譽且互相補充的企業聯合起來，共同關注於在有吸引力的環保科技市場上提供無縫的客戶服務和產品創新。"
"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."
"我們認爲FMC GSS對於Envu在戰略和財務上都是一項有吸引力的補充，並期待繼續支持這家合併公司的強勁增長軌跡。"
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披露了計劃探索其GSS業務的戰略選擇，該業務服務於多個非農作物市場，例如高爾夫球場、體育場館和害蟲控制。
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.
上個月，FMC的董事會任命Pierre Brondeau爲首席執行官和董事會主席。他接替Mark Douglas，後者離開公司已超過14年。
The company plans to release its second quarter 2024 earnings on July 31, 2024.
該公司計劃於2024年7月31日發佈第二季度業績。
Investors can gain exposure to the stock via First Trust Materials AlphaDEX Fund (NYSE:FXZ) and Global X AgTech & Food Innovation ETF (NASDAQ:KROP).
投資者可以通過First Trust Materials AlphaDEX Fund (NYSE:FXZ)和Global X AgTech Food Innovation ETF (NASDAQ:KROP)獲得該股票的投資機會。
Price Action: FMC shares are up 0.35% at $56.90 premarket at the last check Friday.
股票價格走勢：FMC股價預市上漲0.35％，最後查看時間爲星期五。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明：本內容部分使用人工智能工具生成，並經Benzinga編輯審核發佈。
Photo via Shutterstock
圖片來自shutterstock。
譯文內容由第三人軟體翻譯。
