January 04, 2018
Premier Cautiously Optimistic About Nutrien Merger Based on Commitments to Saskatchewan
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.”