Business
Nutrien Completes Sale of Equity Position in Profertil S.A.
Nutrien Ltd. (TSX and NYSE: NTR) announced today that it has completed the sale of its 50 percent...
About this update from Nutrien Ltd.
[{"type":"text","content":"Nutrien Completes Sale of Equity Position in Profertil S.A.\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n \n\n\n\n Nutrien Ltd. (TSX and NYSE: NTR) announced today that it has completed the sale of its 50 percent equity position in Argentina-based nitrogen producer Profertil S.A. (Profertil) to Adecoagro S.A. and Asociacion de Cooperativas Argentinas Coop Ltda through a joint acquisition. Total proceeds from the sale on a pre-tax basis are approximately US$600 million.\n \n\n “Closing the sale of our equity stake in Profertil demonstrates continued progress towards simplifying our portfolio, enhancing earnings quality, and improving cash conversion,” said Ken Seitz, Nutrien’s President and CEO. “We intend to allocate the proceeds towards capital allocation priorities that support our ability to grow free cash flow per share over the long term, including targeted growth investments, share repurchases and debt reduction.”\n \n\n With the completion of the Profertil sale, Nutrien has generated approximately US$900 million in gross proceeds from asset divestitures since the fourth quarter of 2024.\n \n\n\n About Nutrien\n \n\n\n Nutrien is a leading global provider of crop inputs and services. We operate a world-class network of production, distribution and ag retail facilities that positions us to efficiently serve the needs of growers. We focus on creating long-term value by prioritizing investments that strengthen the advantages of our business across the ag value chain and by maintaining access to the resources and the relationships with stakeholders needed to achieve our goals.\n \n\n\n Forward-Looking Statements\n \n\n\n This news release contains certain forward-looking statements and forward-looking information (collectively “forward-looking statements”) within the meaning of applicable securities laws (such statements are often accompanied by words such as \"continue\", \"expect\", \"will\" \"target\", \"intend\" or other similar words). All statements in this document, other than those relating to historical information or current conditions, are forward-looking statements, including, but not limited to, expectations regarding our capital allocation intentions and strategies, and our divestment of non-core assets and the anticipated benefits and proce...