Nutrien

Nutrien Ltd.

Type| Public company

Traded as

| TSX: NTR
NYSE: NTR
S&P/TSX 60 Component
Industry| Agriculture
Founded| 2018
Headquarters| Saskatoon, Saskatchewan, Canada

Number of locations

| 1200 stores (2018)

Area served

| Worldwide

Key people

| Charles Magro (President, CEO, and Executive Chair)

Number of employees

| 20,000 (2018)
Subsidiaries| Agrium and Potash Corporation of Saskatchewan
Website| Official website

Nutrien is a Canada fertilizer company based in Saskatoon, Saskatchewan. It is the largest producer of potash and the third largest producer of nitrogen fertilizer in the world.[1] It has 1,500 retail stores and more than 20,000 employees.[2] It is listed on the Toronto Stock Exchange (symbol Template:TSX link) and New York Stock Exchange (symbol NTR), with a market capitalization of $34 billion as of January 2018.[2] It was formed through the merger of PotashCorp and Agrium, in a transaction that closed on January 1, 2018.[3]

## Contents

* 1 Merger
* 2 Acquisitions
* 3 Competition
* 4 References
* 5 External links

## Merger

PotashCorp and Agrium first proposed merging in September 2016. The merger was suggested in the context of low fertilizer prices, leading to the hope that a larger company will be better able to increase prices.[1] The new company also hopes to reduce costs through consolidation; it estimates that it will be able to decrease costs by $500 million USD.[4]

The transaction was originally expected to close in mid-2017, but was delayed to January 2018 because of regulatory hurdles; final regulatory approval from the United States Federal Trade Commission was only received in December 2017.

Based on the terms of the merger, former PotashCorp shareholders were given 52% of Nutrien, while Agrium shareholders were given 48%.[4] Agrium CEO Charles Magro became CEO of the new company, while PotashCorp CEO Jochen Tilk became Executive Chair.[2] Nutrien is based in Saskatoon, the former headquarters of PotashCorp, but it will maintain corporate offices in Calgary, the former headquarters of Agrium.

## Acquisitions

Nutrien, through its Australian subsidiary Landmark Operations [5] announced the proposed acquisition of Australian rural retail organization RuralCo [6] on February 27, 2019. The acquisition was finalized on October 1, 2019, after which Ruralco was delisted from the ASX. [7] After this acquisition, Nutrien now supplies 650 rural merchandize stores in Australia, or approximately 45% of all rural merchandize stores in Australia. [8]

## Competition

Nutrien's main competitors include other potash, phosphate and nitrogen producers, such as The Mosaic Company, Yara International ASA, CF Industries Holdings Inc and K+S AG.

## References

1. ↑ 1.0 1.1 "Potash and Agrium plan to merge and create $36B US agricultural colossus" (in en). CBC News. http://www.cbc.ca/news/business/potash-agrium-merger-1.3757953.
2. ↑ 2.0 2.1 2.2 "Nutrien shares start trading on TSX and NYSE after Agrium, PotashCorp merger" (in en). Global News. https://globalnews.ca/news/3941694/nutrien-shares-tsx-nyse-agrium-potashcorp-merger/.
3. ↑ "Merger of PotashCorp and Agrium finalized as shares in Nutrien start trading" (in en). CBC News. http://www.cbc.ca/news/business/potash-agrium-nutrien-merger-1.4469690.
4. ↑ 4.0 4.1 "Agrium, PotashCorp merger will 'impact the entire industry,' including thousands of farmers: prof." (in en). CBC News. http://www.cbc.ca/news/canada/saskatchewan/agrium-potashcorp-merger-nutrien-1.4465479.
5. ↑ https://www.landmark.com.au/ Landmark Operations
6. ↑ https://www.asx.com.au/asxpdf/20190227/pdf/4430v0cv3wwr8q.pdf (ASX announcement)
7. ↑ https://www.asx.com.au/asxpdf/20191001/pdf/4492ps2s1b8sfg.pdf (ASX announcement)
8. ↑ https://www.accc.gov.au/media-release/concerns-about-landmark’s-proposed-acquisition-of-ruralco ACCC announcement

## External links

* Official Website

* v
* t
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S&P/TSX 60 companies of Canada (January 24, 2020)

* Agnico Eagle Mines
* Alimentation Couche-Tard
* Bank of Montreal
* Barrick Gold
* Bausch Health
* BCE Inc.
* BlackBerry
* Bombardier
* Brookfield Asset Management
* Brookfield Infrastructure Partners
* Brookfield Property Partners
* Cameco
* Canadian Imperial Bank of Commerce
* Canadian National
* Canadian Natural Resources
* Canadian Pacific
* Canadian Tire
* Canopy Growth
* CCL Industries
* Cenovus Energy
* CGI Inc.
* Constellation Software
* Dollarama
* Emera
* Enbridge
* First Quantum Minerals
* Fortis Inc.
* Franco-Nevada
* George Weston Limited
* Gildan
* Imperial Oil
* Inter Pipeline
* Kinross Gold
* Kirkland Lake Gold
* Loblaw Companies
* Magna International
* Manulife
* Metro
* National Bank of Canada
* Nutrien
* OpenText
* Pembina Pipeline
* Power Corporation
* Restaurant Brands International
* Rogers Communications
* Royal Bank of Canada
* Saputo
* Scotiabank
* Shaw Communications
* Shopify
* SNC-Lavalin
* Sun Life Financial
* Suncor Energy
* TC Energy
* Teck
* Telus
* Thomson Reuters
* Toronto-Dominion Bank
* Waste Connections
* Wheaton Precious Metals Corporation

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