Wall cautiously optimistic on Nutrien merger
January 4, 2018 10:44 am
Premier Brad Wall today said he is cautiously optimistic about the recently approved merger of Agrium and PotashCorp into a new company called Nutrien, based on commitments made in recent meetings with the Chief Executive Officers (CEOs) and Board Chairs of the two merging corporations.
Those commitments include:
Nutrien’s registered head office and global potash operations will be located in Saskatoon;
Corporate office positions in Saskatchewan will increase by at least 15 per cent, to approximately 300;
approximately 4,500 of Nutrien’s 20,000 employees worldwide will be located in Saskatchewan;
two new business functions will relocate to Saskatchewan; and
CEO and/or Executive Chair of the Nutrien Board and the President of Nutrien’s potash operations will live and work in Saskatchewan.
“This is a strong commitment to Saskatchewan, which will ensure that the merger results in a net benefit for our province,” Wall said.
“All of these commitments remain subject to approval of the new Nutrien board. Our government will be closely monitoring future developments, but I have every expectation that Nutrien will follow through on their commitments to Saskatchewan.”