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Markets :: Basic Chemicals :: Inorganic Chemicals :: Fertilizers

CF Industries to Buy Viterra's Interest in Fertilizer Complex

11:48 AM MDT | August 3, 2012 | Natasha Alperowicz

CF Industries says it has entered into a definitive agreement with Glencore International (Baar, Switzerland) to acquire the interest in Canadian Fertilizers—currently owned by Viterra—for C$915 million ($912 million) that is subject to certain adjustments. Canadian Fertilizers owns the largest nitrogen fertilizer complex in Canada. The facilities are located at Medicine Hat, AB. “This acquisition is a low-risk expansion of our nitrogen supply capability, as we have operated the complex for over 35 years,” says Stephen R. Wilson...

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