Saskatchewan’s PotashCorp and Calgary-based Agrium have agreed to merge in a deal that would create a global agricultural behemoth worth an estimated US$36 billion.
The deal brings together PotashCorp’s huge fertilizer mining operations — the world’s largest by capacity — with Agrium’s extensive global distribution network.
The merger still requires regulatory and Competition Bureau approvals.
The Saskatchewan government formed PotashCorp in 1975 as a Crown corporation before it was privatized in 1989. Agrium was founded in 1931 became a publicly traded company in 1993.