Canada’s Agrium Inc and Potash Corp of Saskatchewan Inc have agreed to merge to form a fertilizer giant with an enterprise value of about $36 billion. But first the deal has to overcome close regulatory scrutiny.
Latest in Highlight
The MOPCO 2 project will increase the company’s productive capacity to over 1.2m tonnes annually, and the official noted that with the MOBCO 1 project included in the calculations, total production will exceed 2m tonnes per year.
Reuters – Dutch-listed construction and chemicals company OCI NV missed earnings forecasts for 2013 partly because of difficult conditions in its core Middle Eastern markets, but said it expected 2014 to be better as it and other regions improve. In its annual report, the company said earnings in its fertilisers business had been hit by …
The positions of Turkey and South Africa will not have an effect on fertilizer exports, revenues from which were described as relatively weak, considering that only 30,000 tons were shipped per year
Egypt’s gas shortages threaten to paralyse the country’s production industry, putting factories at 50% capacity