Edition:
United Kingdom

Nutrien Announces Agreement To Purchase Agrichem


Monday, 29 Jan 2018 

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​.