FMC Corp. agreed to acquire Danish fungicide-ingredient maker Cheminova for $1.8 billion as Chief Executive Officer Pierre Brondeau builds up the agrochemicals division ahead of a planned break up.

The acquisition, to be completed in early 2015, will be financed through a mixture of debt and existing cash, Philadelphia-based FMC said today. It will add to adjusted earnings in the first full year of ownership.

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