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BRIEF-Agrium and Potashcorp provide update for proposed merger of equals

Published 2017-09-07, 08:08 a/m
© Reuters.  BRIEF-Agrium and Potashcorp provide update for proposed merger of equals
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Sept 7 (Reuters) - Potash Corporation Of Saskatchewan Inc POT.TO

* Agrium and Potashcorp provide update for proposed merger of equals

* Regulatory review and approval process has progressed in all remaining jurisdictions.

* Now expect to close transaction by end of Q4 of 2017

* In canada and U.S., parties are working with canadian competition bureau and FTC to resolve final issues in superphosphoric acid, nitric acid

* Remedies under consideration are not expected to impact estimated $500-million of annual operating synergies

* "Both companies remain highly confident in consummating merger of equals"

* Informed that China's MOFCOM, India's CCI intend to condition deal approvals on divestment of some of Potashcorp's offshore minority ownership interests

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