Nutrien, Canada’s dominant fertilizer company, is selling Profertil, a nitrogen company in Argentina.
An Argentinian cooperative is the buyer for about $830 million.
For the first time in decades, Nutrien faces significant competition in its core potash mining business because BHP of Australia is poised to open the largest potash mine in Saskatchewan where Nutrien began as Potash Corp. of Canada.
Canada and Saskatchewan have allowed potash miners to operate a cartel on potash exports.
