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Inside the PotashCorp-Agrium Merger: Key Conditions

2017-11-28 marketrealist
On November 7, 2017, Potash Corporation of Saskatchewan (POT), also known as PotashCorp, and Agrium (AGU) announced that they had received a conditional approval from China’s Ministry of Commerce for their proposed merger. The conditions include requiring the companies to sell certain minority interests like Sociedad Quimica y Minera de Chile (SQM), Arab Potash, and Israel Chemicals (ICL). PotashCorp is also required to convert its active investment in Sinofert Holdings to passive investment. (12-0)

Potash Corp & Agrium Merger Gets Regulatory Nod in China

2017-11-13 zacks
Potash Corporation of Saskatchewan Inc. (POT - Free Report) and Agrium Inc. (AGU - Free Report) said that they have secured regulatory approval in China for their proposed merger of equals. The companies noted that the approval of China's Ministry of Commerce (MOFCOM) is conditional on Potash Corp. divesting its minority shareholdings in in Arab Potash Company and Sociedad Quimica y Minera de Chile S. (30-0)

Agrium Reports Third Quarter Results

2017-11-07 marketwired
Agrium Inc. (TSX: AGU) (NYSE: AGU) announced today its 2017 third quarter results, with a net loss from continuing operations of $69-million ($0.52 diluted loss per share) compared to a net loss from continuing operations of $38-million ($0.28 diluted loss per share) in the third quarter of 2016. The third quarter results were driven by lower overall sales volumes and higher cost of product sold related to several scheduled maintenance turnarounds and higher share-based payments due to a year-to-date total shareholder return of 10 percent at September 30th. (30-0)

Agrium-PotashCorp merger to close by year-end after Chinese approval received

Agrium president and CEO Charles Magro takes his seat before addressing the company's annual meeting in Calgary, Tuesday, May 2, 2017. (THE CANADIAN PRESS / Jeff McIntosh) (30-0)

Agrium and PotashCorp Announce Receipt of Regulatory Approval in China

2017-11-07 marketwired
SASKATOON, SK and CALGARY, AB--(Marketwired - November 07, 2017) - Potash Corporation of Saskatchewan Inc. (PotashCorp) (TSX: POT) (NYSE: POT) and Agrium Inc. (TSX: AGU) (NYSE: AGU) today announced that China's Ministry of Commerce ("MOFCOM") has approved their proposed merger of equals transaction. (30-0)

Sinochem taps banks for Hong Kong IPO of oil assets - sources

2017-10-19 reuters
BEIJING/HONG KONG (Reuters) - China’s Sinochem Group has tapped three banks, including Morgan Stanley (MS.N), to work on the possible Hong Kong listing of its key oil assets, as it seeks to raise capital and revive the company, said four people with knowledge of the matter. (52-0)

PotashCorp Reports Second-Quarter Earnings of $0.24 per Share

2017-07-27 prnewswire
CEO Commentary "In the second quarter, we continued to benefit from stronger potash market conditions and our improved cost position in this nutrient," said PotashCorp President and Chief Executive Officer Jochen Tilk. "Robust potash demand – especially in offshore markets, where Canpotex2 achieved its second highest first-half shipment total – supported a constructive market and is expected to carry through the remainder of the year.

United States Prepaid and Gift Cards Markets Report - Research and Markets

2017-04-18 prnewswire
Research and Markets has announced the addition of the "Prepaid and Gift Cards in the U.S., 5th Edition" report to their offering.

Research and Markets - Global Potassium Chloride Market to Grow at a CAGR of 3.8%, 2017-2021 with Agrium, Mosaic, PotashCorp, Sinofert Holdings & Uralkali Leading the Market

2017-04-18 prnewswire
Research and Markets has announced the addition of the "Global Potassium Chloride Market 2017-2021" report to their offering.

Sinochem Hires Advisers to Manage Pre-IPO Stake Sale - Bloomberg

2017-03-31 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

PotashCorp Announces Preliminary Full-Year 2016 Earnings

2017-01-26 prnewswire
CEO Commentary "Strong customer engagement and positive potash pricing trends from the second half of 2016 are expected to carry into the new year," said PotashCorp President and Chief Executive Officer Jochen Tilk. "Supported by healthy underlying consumption, lower global inventories and with Canpotex fully committed for the first quarter of 2017, we see a continued potash recovery. Balancing this constructive market view is a more cautious second-half outlook for our nitrogen earnings and expected challenges for our phosphate results.

Global Water Soluble Fertilizers Market 2016-2020

2016-11-30 prnewswire
LONDON, Nov. 29, 2016 About Water-soluble Fertilizers Water-soluble fertilizers are applied to the crops during irrigation. The major advantage of using them is that farmers can regulate the concentrations of the nutrients according to the needs of a particular crop. Farmers often choose a fertilizer concentration and apply it at every watering. This process is generally known as fertigation or continuous liquid feeding (CLF).

Low potash stocks could push China into buying early supplies in fertilizer market

2016-10-05 scmp
Dwindling inventories of the crop nutrient potash held by Chinese buyers could lead to an earlier 2017 sales contract with Canpotex Ltd, the offshore sales arm for Canadian mines operated by Potash Corp of Saskatchewan, Mosaic Co and Agrium Inc , the chief executive of Canpotex said.

Intrepid Potash: Betting On Joc!

2016-09-27 seekingalpha
Update to Betting on Bob! Co-founder & CEO Bob Jornayvaz has lived up to his side of the bargain by presiding over two key strategic decisions and aligning with shareholders.

PotashCorp Reports Second-Quarter Earnings of $0.14 per Share

2016-07-28 prnewswire
CEO Commentary "Fertilizer markets have been under pressure through the first six months of 2016, however we believe the uncertainty that weighed on potash market sentiment is now lifting and a recovery is beginning," said PotashCorp President and Chief Executive Officer Jochen Tilk. "With key Asian contract prices settled by a number of producers – and buyer inventories at reduced levels – we are seeing improved engagement in all key markets.