Potash Corporation of Saskatchewan Inc. announced it will change its name and be known as Nutrien once it completes a merger with Agrium.
The joint companies will adopt its new company name when the merger transaction closes, on Wednesday’s announcement.
According to a news release, the merger transaction is continuing, it still needs regulatory reviews and approval process but the companies say they expect to close the transaction in the end of the third quarter of this year.
It was estimated the combined companies would have an enterprise value of $36 billion US by joining and create a global agricultural giant, when the deal was announced last September.
The arrangement would unite Saskatoon-based PotashCorp’s gigantic fertilizer mines with Agrium’s broad worldwide direct-to-farmer retail system to make an agricultural colossus.
The new firm would be the world’s No. 1 producer of potash and No. 2 producer of nitrogen fertilizer with operations in 18 nations and more than 20,000 workers around the world.