The United States has granted approval for Agrium and Potash
Corp. of Saskatchewan to merge.
The companies said they will begin to operate as Nutrien on
Jan. 1.
Agrium needed to sell two production facilities in the U.S.
to gain approval there.
One will go to Itafos and the other to Trammo Inc.
The two
agreed in September, 2016, to pursue a merger that would require approvals from
a number of countries. The U.S. was the final hurdle.
The partners
say they believe the merger will reduce costs by $500 million a year.
Potash Corp.
is the world’s largest potash-mining company and Agrium is the world’s largest
fertilizer retailing company.
Potash has
its head office in Saskatchewan and Agrium in Calgary.
