Both say no deal has yet been struck, but if one does
emerge, it will create one of Canada’s largest companies and a dominant force
in the fertilizer markets. The stock prices of the two companies total more
than $30 billion.
Potash Corp. is the world’s largest potash-mining company.
Agrium has the world’s largest fertilizer retailing business.
Both are members of Canpotex, a Canadian potash exporting
cartel. Mosaic is the third member.
In 2010, the Harper government nixed a deal that BHP
Billiton struck to buy Potash Corp. for $6 billion US.
Now BHP is investing about $2.5 billion to build a potash
mine in Saskatchewan.
