Nutrien To Sell 50% Equity Position In Profertil For $600M
Synopsis
Nutrien CEO Ken Seitz stated that the decision to sell the company’s equity stake in Profertil enables it to focus on assets and geographies that align with its long-term growth objectives.
Nutrien (NTR) announced on Monday that it has agreed to sell its 50% equity position in Argentina-based nitrogen producer Profertil S.A. to Adecoagro S.A. and Asociacion de Cooperativas Argentinas Coop through a joint acquisition for about $600 million.
“The agreement to sell our equity stake in Profertil advances our strategy to focus on assets and geographies that are core to our long-term vision,” said Nutrien CEO Ken Seitz.
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