Shares for Nutrien — the new company formed by the merger of Agrium Inc. and Potash Corporation of Saskatchewan Inc. — started trading in Toronto and New York this morning. After receiving final clearance from the United States’ Federal Trade Commission on December 27th, the deal to create the world’s largest crop nutrient provider, which also owns… Read More
The merger of Agrium and Potash Corporation of Saskatchewan to form a new company called Nutrien took another step toward completion this week. China’s Ministry of Commerce gave a green light to the deal, with some conditions attached. The Chinese regulator says PotashCorp’s minority stake in Arab Potash Company and Sociedad Quimica y Minera de… Read More
The Canadian Competition Bureau has issued a no-action letter saying it will not challenge the proposed merger between Potash Corporation of Saskatchewan and Agrium Inc. In a statement, the federal regulator said it concluded the Canadian fertilizer manufacturers’ plan to create a new company called Nutrien “would not lead to a substantial lessening or prevention… Read More
The company formed from the proposed merger of PotashCorp and Agrium will be known as Nutrien, the companies announced on Wednesday. Both sides say they expect the deal to close in the third quarter of 2017. The new Canadian fertilizer company would have close to 20,000 employees and operations in 18 countries. Its head office… Read More
Canadian fertilizer giants Agrium and Potash Corporation of Saskatchewan say they’ve reached a deal to merge their businesses to form the largest fertilizer company in the world. The new company, which would be named before the transaction is finalized, would be worth around US$36 billion, with close to 20,000 employees and operations in 18 countries,… Read More
Noting the decision was “not easy” but a “necessary one,” PotashCorp president and chief executive, Bill Doyle, announced this morning job cuts of over 1,000 for the company. The bulk of the jobs lost (approximately 440) will be in Saskatchewan, then the next highest will be in Florida (350) and New Brunswick (140. Many of… Read More
Russia’s Uralkali has put the market through the ringer this morning. In a story that has many caught off guard, Russia’s Uralkali has decided to break up its partnership in Belarus Potash Company. This has greatly impacted the ability for the potash cartel to operate effectively. As reported on CNBC.com this morning, The break-up of the Belarus… Read More
The Province of Saskatchewan, the University of Saskatchewan and Potash Corporation of Saskatchewan Inc. (PotashCorp) have launched the Global Institute for Food Security (GIFS) to develop Saskatchewan-led solutions to feed a growing world population. With initial commitments of up to $35 million from PotashCorp and $15 million from the province over the next seven years,… Read More