Chris McKay, PotashCorp load-out supervisor at the Cory Mine, examines potash inside one of the storage facilities near Saskatoon, Saskatchewan. PHOTO: REUTERS
CANADA: Canada’s Agrium Inc and Potash Corp of Saskatchewan Inc said they would combine, a deal that would create a fertiliser and farm retailing giant with pro forma enterprise value of $36 billion but also trigger US regulatory scrutiny. Potash Corp, the world’s biggest crop nutrient company by capacity and Agrium, North America’s largest farm retailer, said the combined company will be largest crop nutrient company in the world and third largest natural resource company in Canada. The companies had said on Aug 30 that they were in talks to merge. The merger will create a company dominant in North America, controlling nearly two-thirds of potash capacity National Bank analyst Greg Colman had said at the time.
Published in The Express Tribune, September 13th, 2016.
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