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AGRIUM AND POTASH CORP MERGER COMPLETED

on January 17 | in Ag News | by | with No Comments

The merger between Agrium Inc. and Potash Corporation has been finalized. Officials announced the successful completion of the deal on Jan. 2.

The merger creates a company named Nutrien, which according to a news release, is the world’s premier provider of crop inputs and services. Nutrien has a global retail distribution network that includes more than 1,500 farm retail centres.

According to the release, the company has nearly 20,000 employees and operations and investments in 14 countries.

“Today we are proud to launch Nutrien, a company that will forge a unique position within the agriculture industry,” said Chuck Magro, President & Chief Executive Officer of Nutrien. “Our company will have an unmatched capability to respond to customer and market opportunities, focusing on innovation and growth across our retail and crop nutrient businesses. Importantly, we intend to draw upon the depth of our combined talent and best practices to build a new company that is stronger and better equipped to create value for all our stakeholders.”

Nutrien common shares will trade on the Toronto Stock Exchange and the New York Stock Exchange under the ticker symbol NTR.

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