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US: Potash and Agrium in $36Bn merger creating fertilizer giant

By  |  September 12, 2016

Potash Corporation of Saskatchewan and Agrium Inc. of Calgary have agreed to merge in a deal that would create a global agricultural giant with an enterprise value of $36 billion US.

The deal would bring together Saskatoon-based PotashCorp’s huge fertilizer mines with Agrium’s extensive global direct-to-farmer retail network to create an agricultural colossus.

The new firm would be the world’s No. 1 producer of potash and No. 2 producer of nitrogen fertilizer with operations in 18 countries and more than 20,000 employees worldwide.

The proposed deal comes as the fertilizer industry struggles with a steep drop in prices in recent years following a ramp-up of production and the breakup of a Russia-Belarus potash trading cartel in 2013.

Full Content: CBC News

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