Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices
Agrium chief executive officer Mike Wilson (Jeff McIntosh)
Agrium chief executive officer Mike Wilson (Jeff McIntosh)

Agrium to sell AWB unit to Cargill Add to ...

Agrium Inc. has agreed to sell the commodity-management business of recently purchased Australian agricultural firm AWB Ltd. to Cargill Inc.

The Calgary-based fertilizer giant says the transaction will be sold based on the value of its net assets at the closing date, plus a premium.

The agreement currently values the assets that are being sold at $925-million (Australian).

Agrium expects the sale to be completed in the first half of next year.

Agrium's $1.2-billion (Canadian) acquisition of AWB, which was announced over the summer, closed earlier this month.

The company has also said it's exploring options around the sale of AWB's grain-handling business, and is talking to "a number of interested parties."



Report Typo/Error
 
  • Agrium Inc
    $118.03
    +0.11
    (+0.09%)
  • Updated May 26 1:20 PM EDT. Delayed by at least 15 minutes.

More related to this story

Next Story

In the know

Globe Recommends

Most popular videos »

Highlights

More from The Globe and Mail

Most popular