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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