Saskatchewan’s Nutrien Sells Stake in Arab Potash for C$502 M to Chinese Firm

Saskatoon-headquartered Nutrien Ltd. has agreed to sell its stake in Arab Potash Co. for C$502 million to a Chinese state-owned enterprise (SOE). Nutrien – the largest producer of potash, and the second largest producer of nitrogen fertilizer, in the world – was required to divest of its stake in Amman, Jordan-based Arab Potash to gain China's and India's approval for the merger of Agrium and PotashCorp into one company, now called Nutrien. Nutrien's 23.3 million shares of Arab Potash will be acquired by Chinese SOE, SDIC Mining Investment Co. Ltd. Nutrien previously announced the divestiture of holdings in Israel, Chile, the U.S., and China.

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