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Agrium to buy Louis Dreyfus fertilizer business in Australia

Dec. 12, 2017 12:18 PM ETNutrien Ltd. (NTR) Stock, NTR:CA StockBy: Carl Surran, SA News Editor
  • Agrium (AGU +3%) moves higher after agreeing to acquire the Australian fertilizer business of commodities trader Louis Dreyfus for an undisclosed sum.
  • Macrofertil's Austrlaian network includes six fertilizer storage and distribution assets with coating and blending capabilities, and has annual volumes of more than 300K metric tons with $120M/year in sales.
  • AGU says the acquisition will complement its existing network of ~400 sites in Australia.

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