Agrium and Potashcorp provide update for proposed merger of equals

BRIEF-Agrium and Potashcorp provide update for proposed merger of equals

SEPTEMBER 7, 2017 / 6:08 AM

REUTERS

Reuters Staff

Sept 7 (Reuters) – Potash Corporation Of Saskatchewan Inc

* Agrium and Potashcorp provide update for proposed merger of equals

* ‍Regulatory review and approval process has progressed in all remaining jurisdictions.​

* ‍Now expect to close transaction by end of Q4 of 2017​

* ‍In canada and U.S., parties are working with canadian competition bureau and FTC to resolve final issues in superphosphoric acid, nitric acid​

* ‍Remedies under consideration are not expected to impact estimated $500-million of annual operating synergies​

* ‍“Both companies remain highly confident in consummating merger of equals​”

* ‍Informed that China’s MOFCOM, India’s CCI intend to condition deal approvals on divestment of some of Potashcorp’s offshore minority ownership interests​ Source text for Eikon: Further company coverage:

About prosperitysaskatchewan

Consultant on Saskatchewan's natural resources.

Posted on September 7, 2017, in economic impact, political, potash. Bookmark the permalink. Leave a comment.

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