Skip to main content

Nutrien in talks to sell stakes in SQM and Arab Potash

Published by
World Fertilizer,

According to Reuters, Nutrien Ltd is actively in talks with prospective buyers of its stakes in the lithium producer SQM and Arab Potash Co. Plc.

As part of its pledges to regulators who approved the merger between PotashCorp and Agrium, Nutrien is selling minority stakes in both SQM and Arab Potash. Nutrien holds a 32% stake in SQM, and a stake of approximately 28% in Arab Potash. According to the Bank of Montreal, the sale of both stakes is expected to generate net proceeds of $3.8 billion.

Chuck Magro, Chief Executive, reportedly said: “We have buyers for both.

“It’s a pretty active process now and so they’re going through all those stages they normally go through to look at the assets and do their due diligence.

“Things can take very different turns, but our perspective is things are going very well today.”

Reuters reports that Magro refused to comment on the number of parties considering a purchase of each stake.

According to Reuters, Chief Financial Officer, Wayne Brownlee, said that Nutrien could sell the Arab Potash stake in 2Q18, and that the company is planning to sell the SQM stake at some point this year. However, he added that timing is difficult to predict due to the role of regulators in approving any deals.

Read the article online at:

You might also like

Borealis and VERBUND are planning a joint green hydrogen project

The green hydrogen will be used to produce fertilizers, melamine and technical nitrogen at Borealis operations in Linz, Austria. The electrolysis plant is scheduled to commence operations in 2025, with projected annual CO2 emissions reductions of up to 90 000 t.


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

Potash Corp news Agrium news


World Fertilizer is not responsible for the content of external internet sites.