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Agrium Inc (AGU)

AGU on New York Consolidated

111.55USD
14 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Louis Dreyfus Company Sells Its Australian Fertilizers Business To Agrium
Tuesday, 12 Dec 2017 11:25am EST 

Dec 12 (Reuters) - LOUIS DREYFUS COMPANY BV [RIC:RIC:AKIRAU.UL]::SELLS ITS AUSTRALIAN FERTILIZERS AND INPUTS BUSINESS TO LANDMARK OPERATIONS LTD.COMPLETION OF AGREEMENT EXPECTED IN THE FIRST QUARTER OF 2018‍​.TO SELL MACROFERTIL AUSTRALIA PTY LTD TO LANDMARK OPERATIONS LTD.LANDMARK OPERATIONS LTD IS THE AUSTRALIAN AG-RETAIL BUSINESS OF CANADA-BASED AGRIUM INC..  Full Article

Agrium To Buy Louis Dreyfus' Fertilizer Business In Australia
Tuesday, 12 Dec 2017 11:00am EST 

Dec 12 (Reuters) - Agrium Inc ::AGRIUM TO ACQUIRE LOUIS DREYFUS COMPANY'S FERTILIZER BUSINESS IN AUSTRALIA.TRANSACTION IS SUBJECT TO CUSTOMARY CLOSING CONDITIONS AND IS EXPECTED TO CLOSE IN Q1 OF 2018.MACROFERTIL BUSINESS INCLUDES SIX FERTILIZER STORAGE AND DISTRIBUTION ASSETS WITH COATING AND BLENDING CAPABILITIES.ANNOUNCED BINDING PURCHASE AGREEMENT BETWEEN CO'S AUSTRALIAN AG-RETAIL BUSINESS AND LOUIS DREYFUS CO FOR ACQUISITION OF MACROFERTIL.  Full Article

Agrium Q3 adj. loss per share $0.23
Tuesday, 7 Nov 2017 06:19pm EST 

Nov 7 (Reuters) - Agrium Inc ::Agrium reports third quarter results.Sees FY 2017 earnings per share $4.65 to $4.80 from continuing operations.Q3 loss per share $0.52 from continuing operations.Qtrly retail reported sales $2,067‍​ million versus $1,857 million.Qtrly sales $2,382‍​ million versus $2,192 million.Qtrly adjusted loss per share $0.23 ‍​.Updated Retail EBITDA range between $1.160 billion to $1.190 billion for 2017​.Estimate for Retail Crop Nutrient sales volumes has been reduced to between 9.9 million and 10.2 million tonnes in 2017​.Reduced annual guidance range to reflect lost production volumes in Q3, impact of challenging weather conditions on retail operations​.Qtrly ‍results were impacted by summer maintenance schedule, extreme dry weather in Canada and Australia and hurricanes in southern U.S.​.Total capital expenditures in 2017 are expected to be in range of $650 million to $700 million​.Qtrly wholesale sales $443‍​ million versus $445 million.Revised expected potash production range for 2017 to between 2.4 and 2.5 million tonnes..Looking at fall season and into 2018, see solid grower demand for fertilizer and other crop inputs​.Qtrly nitrogen sales volumes of 668,000‍​ tonnes versus 739,000 tonnes last year.Updating 2017 nitrogen production range to between 3.3 and 3.4 million tonnes​.Qtrly potash sales volumes of 462 ,000 tonnes versus 496,000 tonnes last year.FY2017 earnings per share view $4.91 -- Thomson Reuters I/B/E/S.  Full Article

Agrium and PotashCorp receive regulatory approval in China
Tuesday, 7 Nov 2017 12:00pm EST 

Nov 7 (Reuters) - Agrium Inc ::Agrium and PotashCorp announce receipt of regulatory approval in China.Regulatory review, approval process for potashcorp deal continues in U.S. and companies expect to close deal by end of Q4 2017​.Approval also conditioned on commitment to convert PotashCorp's equity interest in sinofert to passive investment prior to merger closing.Approval conditioned on commitment to divest PotashCorp's holdings in Arab Potash Co, Sociedad Quimica Y Minera De Chile in 18 mnths from closing.  Full Article

Agrium announces sale of Conda phosphate and North Bend nitric acid operations
Tuesday, 7 Nov 2017 09:00am EST 

Nov 7 (Reuters) - Agrium Inc -:Agrium announces sale of Conda phosphate and North Bend nitric acid operations.Agrium Inc - deal for ‍approximately $100-million​.Agrium - ‍will sell its Conda, Idaho, phosphate production facility & adjacent phosphate mineral rights for a sale price of approximately $100-million​.Agrium Inc - Agrium is expected to record a non-cash impairment of $178-million, net of tax associated with sale of Conda​.Agrium Inc - ‍Agrium will supply 100% of ammonia requirements of Conda phosphate operations​.Agrium Inc - ‍whereby Agrium will sell its North Bend, Ohio nitric acid facility.​.Agrium Inc - Agrium will purchase 100% of map product produced, with pricing formulas for both tied to benchmark phosphate fertilizer prices​.  Full Article

Potash Corp CEO sees big interest in sale of SQM stake
Thursday, 26 Oct 2017 01:35pm EDT 

Oct 26 (Reuters) - Potash Corporation Of Saskatchewan Inc CEO Jochen Tilk, speaking on a conference call on Thursday, said::Potash Corp encouraged by market conditions for selling SQM stake.New company Nutrien may use sale proceeds from equity stakes to pay debt, return value to shareholders or M&A.Potash Corp sees 'significant interest' in buying company's SQM stake.  Full Article

Potashcorp reports Q3 earnings per share $0.06
Thursday, 26 Oct 2017 06:00am EDT 

Oct 26 (Reuters) - Potash Corporation Of Saskatchewan Inc :Potash Corp reports third-quarter earnings of $0.06 per share.Q3 earnings per share $0.06.Q3 earnings per share view $0.12 -- Thomson Reuters I/B/E/S.Potash Corp - ‍full-year 2017 earnings guidance range adjusted to $0.48-$0.54 per share, including merger-related costs of $0.08 per share​.Potash Corp - ‍ Expect merger of equals with agrium to close by end of Q4 of 2017​.Potash Corp - ‍Third-quarter earnings included $0.03 per share related to a non-cash impairment charge in phosphate​.Potash - ‍Global Potash prices improved for fifth consecutive quarter as agronomic need and affordability led to "strong" demand in all major markets​.Potash Corp qtrly sales $‍1,234​ million versus $1,136 million.Q3 revenue view $1.02 billion -- Thomson Reuters I/B/E/S.Potash Corp - ‍In Nitrogen, "tighter" market fundamentals late in the quarter supported a recovery in prices from multi-year lows​.Potash Corp - For Potash, ‍sales volumes for quarter reached 2.9 million tonnes​.Potash Corp - ‍ Maintained anticipated Potash global shipment range for 2017 at 62 million tonnes - 65 million tonnes​.Potash Corp - ‍Phosphate fertilizer markets witnessed moderate appreciation during the quarter, supported by stronger engagement from India​.Potash Corp - ‍ In North America, Potash demand continues to be robust as growers address nutrient needs and capitalize on strong affordability​.  Full Article

Arab Potash says PotashCorp plans to merge with Agrium
Sunday, 22 Oct 2017 01:26am EDT 

Oct 22 (Reuters) - ARAB POTASH CO ::SAYS POTASHCORP ANNOUNCES ITS PLAN TO MERGE WITH CANADIAN FERTILIZER COMPANY AGRIUM.SAYS COMPETITION COMMISSION OF INDIA APPROVES MERGER PROVIDED POTASHCORP DIVESTS STAKE IN GLOBAL INVESTMENTS INCLUDING ITS STAKE IN ARAB POTASH.  Full Article

Agrium and Potashcorp receive regulatory approval in India
Wednesday, 18 Oct 2017 05:35pm EDT 

Oct 18 (Reuters) - Agrium Inc ::Agrium and Potashcorp announce receipt of regulatory approval in India.Potash Corporation of Saskatchewan Inc and Agrium Inc expect to close transaction by end of Q4 of 2017​.Regulatory review and approval process continues in U.S. and China for proposed merger with Potashcorp​.  Full Article

Agrium and Potashcorp provide update for proposed merger of equals
Thursday, 7 Sep 2017 08:00am EDT 

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​.  Full Article

Louis Dreyfus to sell Australian fertilizer unit to Agrium

PARIS/WINNIPEG Global commodity trader Louis Dreyfus Company [AKIRAU.UL] has agreed to sell its fertilizer business to Canada's Agrium Inc. as it continues an overhaul in response to tough agricultural markets.