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On September 12, 2016, Agrium announced that it had agreed to merge with PotashCorp, which will make the combined company, Nutrien, the largest producer of potash and second-largest producer of nitrogen fertilizer worldwide. [5] [6] [7] Agrium divested certain U.S. assets. [8] The merger closed on January 1, 2018. [2]
Nutrien needed to satisfy the Chinese and Indian regulators because of concerns it would corner the potash market. [9] [10] [11] The sale closed on 5 December 2018. [12] In February 2019, Nutrien, through its Australian subsidiary Landmark Operations [13] announced the proposed acquisition of Australian rural retail organization RuralCo. [14]
In June 2019, Agrium Australia (formerly Landmark, now a wholly owned subsidiary of Canadian company Nutrien) announced the proposed acquisition of Ruralco. [9]Ruralco shareholders voted overwhelmingly in favour of the $469 million takeover [10] and Ruralco was delisted from the Australian Securities Exchange on 1 October 2019.
The merged company, which would be known as Nutrien [21] and be based in Saskatoon, was valued at US$36 billion and became the largest producer of potash and second-largest producer of nitrogen fertilizer worldwide. The deal was structured so that 52% of the merged company is held by PotashCorp shareholders, and 48% by Agrium shareholders.
Stock clearance is an activity by a company where ownership of products and materials moves on to another legal entity.These products and materials in stock clearance will not form the basis of a company's key activities.
Agricen was founded as Advanced Microbial Solutions in 1998. [1] In July 2012, Agricen entered a strategic partnership with Loveland Products, Inc., a provider of crop input products and part of then publicly traded company Agrium Inc., which is now Nutrien.
The expatriate management's changes alienated the existing customer base and, aided by a poor retailing climate, brought a rapid decline into losses. A strategic review by Wesfarmers resulted in the May 2018 sale of the Homebase business to Hilco Capital at a loss of A$1.96 billion. [12]
A market-clearing price is the price of a good or service at which the quantity supplied equals the quantity demanded, also called the equilibrium price. [2] The theory claims that markets tend to move toward this price. Supply is fixed for a one-time sale of goods, so the market-clearing price is simply the maximum price at which all items can ...