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Nutrien Offloads Equity Position in Arab Potash Company
Oct. 24, 2018 09:52AM PST
Agriculture InvestingNutrien is the world’s largest provider of crop inputs and services, producing and distributing over 26 million tonnes of potash, nitrogen and phosphate products globally.
Nutrien (TSX:NTR,NYSE:NTR) has announced that it has completed the sale of its minority equity investment in Arab Potash Company (“APC”) to SDIC Mining Investment Co. Ltd. for gross proceeds of US$502 million.
Nutrien is the world’s largest provider of crop inputs and services, producing and distributing over 26 million tonnes of potash, nitrogen and phosphate products globally.
As quoted from the press release:
Completion of the APC sale was required by the Competition Commission of India and Ministry of Commerce in Chinain providing their clearance for the merger of Agrium and PotashCorp to form Nutrien.