Thursday, June 22, 2017

Nutrien is new name for fertilizer giant

Nutrien is the name that Potash Corporation of Canada and Agrium Inc. have chosen after their merger is completed.

They are awaiting regulatory approvals and expect the merger will be completed late this summer.

When the deal was announced last September, it was estimated the combined company would have a share value of $36 billion US.

The head office for Nutrien will be in Saskatoon where PotashCorp is based.

The organization will also keep a corporate office at Agrium's home city of Calgary.

Potash Corp. is the world’s largest potash-mining company and Agrium is the largest fertilizer retailer.