FMC Corporation (NYSE:FMC) made a binding offer to acquire Fluindapyr active ingredient assets of Isagro S.p.A. (BIT:ISG) for €55 million on May 6, 2020. The consideration will be paid in cash. FMC Corporation signed the asset purchase agreement to acquire Fluindapyr active ingredient assets of Isagro S.p.A. on July 24, 2020. The transaction will transfer to FMC all intellectual property, know-how, registrations, product formulations and other global assets of the proprietary broad-spectrum fungicide molecule and will provide FMC with full global rights to Fluindapyr active ingredient, including key U.S., European, Asian and Latin American fungicide markets. Following transaction close, FMC will be sole owner of Fluindapyr and related intellectual property. The transaction excludes liabilities, Isagro sites and workforce. The transaction is subject to customary regulatory approvals from relevant antitrust authorities and the finalization and transfer of commercial agreements and is expected to close by the end of third quarter 2020.

FMC Corporation (NYSE:FMC) completed the acquisition of Fluindapyr active ingredient assets of Isagro S.p.A. (BIT:ISG) on October 2, 2020.