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Nutrien selling its stake in Argentina-based Profertil for US$600 million

SASKATOON - Nutrien Ltd. has signed a deal to sell its 50 per cent stake in Argentina-based nitrogen producer Profertil SA to Adecoagro SA and Asociacion de Cooperativas Argentinas Coop Ltda for US$600 million.

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Nutrien selling its stake in Argentina-based Profertil for US$600 million

The Nutrien Ltd. (TSX:NTR) corporate logo is seen in this undated handout photo. 

 THE CANADIAN PRESS/HO, Nutrien
By The Canadian Press

SASKATOON - Nutrien Ltd. has signed a deal to sell its 50 per cent stake in Argentina-based nitrogen producer Profertil SA to Adecoagro SA and Asociacion de Cooperativas Argentinas Coop Ltda for US$600 million.

Nutrien chief executive Ken Seitz says the deal advances his company’s strategy to focus on assets and geographies that are core to its long-term vision.

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