Agrium’s Crop Production Services (CPS) arm will need to sell four ag retail sites in eastern Alberta to close on its deal to buy an independent western Prairie retail chain. The federal Competition Bureau on Thursday announced an agreement with CPS dealing with the company’s planned purchase of Andrukow Group Solutions Inc. which operates 18 […] Read more
Tag Archives agrium — page 4
Agrium’s CPS agrees to shed four Alberta retail sites
Fertilizer merger faces easier approval at home than in U.S.
Toronto/Washington | Reuters — Canada’s PotashCorp and Agrium are more likely to win approval for a potential merger in Canada than in the U.S., but U.S. rejection of the deal would scuttle it globally, competition lawyers said. Saskatoon-based PotashCorp and Calgary’s Agrium confirmed Tuesday they were in preliminary merger talks, toward a deal that would […] Read more
PotashCorp, Agrium merger would send farmers to regulators
Winnipeg/Chicago | Reuters — North American farmers will pressure regulators to protect their negotiating leverage with fertilizer suppliers if PotashCorp and Agrium agree to merge, major farm groups said on Wednesday. The potential deal revealed on Tuesday would combine the world’s largest fertilizer producer by capacity, with the continent’s biggest network of farm retail dealers, […] Read more
Agrium, PotashCorp in merger talks
Canadian fertilizer giants Agrium and PotashCorp confirmed Tuesday they’re in “preliminary discussions” toward a possible merger-of-equals. Calgary-based Agrium and Saskatoon-based PotashCorp emphasized in separate statements Tuesday that no decision has yet been made on whether to go ahead with such a merger and no agreement has yet been reached. “There can be no assurance that […] Read more
Agrium’s Vanscoy potash operations suspended
Reuters — Agrium’s operations at its Vanscoy potash mine in Saskatchewan could be halted for days, a union official said on Tuesday, the day after a worker was injured. An Agrium spokesman said in a statement that the company was working on a plan to restart the facility and did not expect any “material disruption.” […] Read more
Fertilizer price slump chops profits at Agrium, CF
Reuters — Two of North America’s biggest fertilizer companies reported large drops in quarterly profit on Wednesday, and warned of tough times ahead as abundant supplies weighed on prices. At U.S. nitrogen producer CF Industries, second-quarter profit fell 87 per cent — more than expected — and it warned prices would likely remain weak into […] Read more
Agrium to buy Cargill’s U.S. ag retail business
Chicago | Reuters –– U.S. grain trader Cargill has agreed to sell its ag retail business in the United States to crop input seller and distributor Agrium, the companies said Wednesday. Calgary-based Agrium, North America’s largest retail seller of crop inputs such as seed, fertilizer and pesticides, will acquire 18 ag retail locations in Nebraska, […] Read more
Canpotex shelves plans for Prince Rupert terminal
Reuters — Canpotex, the potash export sales arm for PotashCorp, Mosaic Co. and Agrium, said Friday it would not build a planned shipping terminal at Prince Rupert in British Columbia. Canpotex said the decision was based on economic and commercial considerations and that its export capacity in Vancouver, Saint John and Portland were sufficient. PotashCorp […] Read more
Agrium sees opportunities from major merger talk
Reuters — Agrium, North America’s largest retail seller of products for crop producers, could benefit if some of the biggest makers of seed and agricultural chemicals merge, CEO Chuck Magro said on Wednesday. Responding to a question during a company investor day in Toronto about how possible tie-ups of ChemChina and Syngenta, or of Bayer […] Read more
CPS to seek buyer for Sask. farm supply outlet
A deal for Agrium’s Crop Production Services (CPS) to buy a crop input retail chain in north-central Saskatchewan will require the company to sell off a retail outlet and a pair of its storage sites. The federal Competition Bureau on Monday announced it has an agreement with CPS over its planned deal to buy six […] Read more
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