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Nutrien sells 50% stake in Argentine nitrogen producer Profertil for $600 million, focusing on core assets.
Nutrien, the world's largest potash producer, plans to sell its 50% stake in Profertil, an Argentine nitrogen producer, for $600 million to Adecoagro and Asociación de Cooperativas Argentinas.
The deal supports Nutrien's strategy to focus on core assets.
Profertil, which supplies about 60% of Argentina's urea needs, will continue to be jointly owned, with YPF SA holding the other 50%.
The sale is expected to close by the end of 2025.
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Nutrien vende el 50% de la participación en el productor de nitrógeno argentino Profertil por $ 600 millones, centrándose en los activos principales.