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Potash Corp. and Agrium to Merge, Creating Fertilizer Giant

  • Deal will see Potash Corp. shareholders own 52% of new company
  • Agrium CEO Chuck Magro will take same role at combined group

Potash Corp. of Saskatchewan Inc. and Agrium Inc., Canada’s largest fertilizer producers, agreed to an all-share merger to create the world’s largest crop-nutrient supplier with a market value of about $27 billion.

The deal will give Potash Corp. shareholders 52 percent of the new producer, which has yet to be named, while Agrium investors will hold the rest, the companies said Monday in a joint statement. Agrium Chief Executive Officer Chuck Magro will be CEO of the combined group while Potash Corp. leader Jochen Tilk will become executive chairman. The new company will be based in Saskatoon, Saskatchewan, the current location of Potash Corp.’s headquarters.

It’s the latest in a string of mega deals in the agricultural chemicals market announced in the past year as producers of fertilizers, pesticides and seeds struggle with low commodity prices and weak demand.

Negotiations between Bayer AG and Monsanto Co., the world’s largest seed company...


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