FMC sells Global Specialty Solutions to Envu for $350M; proceeds to debt reduction

FMC CORP

Purchase price $350M, subject to working capital adjustment.
Expected close by year-end 2024, pending regulatory approvals.
Proceeds allocated to debt reduction.
GSS serves non-crop markets (golf, sports, pest control); Envu sees synergies.
Divestment allows FMC to focus on core crop protection business.

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