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. Canadian rivals Agrium Inc and Potash Corp of Saskatchewan agreed Monday to merge to create a $36 billion (32 billion euro) global fertilizer giant in the latest agribusiness mega-merger sparked by low crop prices. Potash Corp shareholders will get 0.400 common shares of the combined company for each share they hold and Agrium shareholders will get 2.230 common shares for each share they own, the companies said on Monday. Agrium Chief Executive Chuck Magro will lead the combined company. Potash Corp CEO Jochen Tilk will be its executive chairman.

Source: Daily News Egypt September 12, 2016 19:18 UTC