January 29, 2018 / 1:11 PM / 9 months ago

BRIEF-Nutrien Announces Agreement To Purchase Agrichem

Jan 29 (Reuters) - Nutrien Ltd:

* NUTRIEN ANNOUNCES AGREEMENT TO PURCHASE AGRICHEM, A LEADING BRAZILIAN SPECIALTY PLANT NUTRITION COMPANY

* NUTRIEN LTD - ‍AGRICHEM IS EXPECTED TO BE ACCRETIVE TO EARNINGS IN 2018​

* NUTRIEN LTD - ‍AGRICHEM IS EXPECTED TO BE ACCRETIVE TO EARNINGS IN 2018, WITH TOTAL ANNUAL HISTORIC NET SALES OF OVER $55 MILLION​

* NUTRIEN LTD - ‍REMAINING 20 PERCENT OF BUSINESS WILL BE ACQUIRED IN 2019, BASED ON 2018 EBITDA LEVELS​

* NUTRIEN LTD - DEAL TO BE MADE IN 2 TRANCHES, WITH 80 PERCENT OF AGRICHEM BUSINESS TO BE ACQUIRED IN COMING MONTHS​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below