The long-awaited merger of two major Canadian agriculture companies took effect Tuesday.
News of talks about a potential merger of equals between Calgary-based Agrium Inc. and Saskatoon-based Potash Corporation of Saskatchewan Inc. first broke in 2016.
Shareholders of both companies agreed to the deal in November 2017. From there, the two firms had to wait for clearance from regulators in a number of countries, including Canada, the U.S. and China.
The deal was approved by Canadian authorities effective Jan. 1, 2018. The companies announced Tuesday that they were now operating as Nutrien, with shares in the company officially beginning to trade on the Toronto and New York stock exchanges.
Today we're #Nutrien! Grown from the roots of 2 strong ag companies we're the largest crop nutrient company in the world and third-largest Canadian natural resource company, all supported by our leading global retail distribution platform. #FeedingtheFuture pic.twitter.com/OA7xQJGPNS
— Nutrien (@NutrienLTD) January 2, 2018
The newly-formed company maintains a head office in Saskatoon, with a large corporate office in Calgary.
With the deal, Nutrien becomes the world’s largest fertilizer producer, with about 20,000 employees operating across 14 countries.