Nutrien selling its stake in Argentina-based Profertil for US$600 million
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SASKATOON – Nutrien Ltd. has signed a deal to sell its 50 per cent stake in Argentina-based nitrogen producer Profertil SA to Adecoagro SA and Asociacion de Cooperativas Argentinas Coop Ltda for US$600 million.
Nutrien chief executive Ken Seitz says the deal advances his company’s strategy to focus on assets and geographies that are core to its long-term vision.
The company says its share of Profertil earnings recorded in Nutrien’s nitrogen operating segment totalled about US$60 million over the previous four quarters.
The sale is subject to customary closing conditions and is expected to be completed before the end of the year.
Argentine oil and gas company YPF SA owns the other 50 per cent stake in Profertil.
Under a shareholder agreement, YPF holds a 90-day right of first refusal to buy Nutrien’s stake in the company on the same terms and conditions.
This report by The Canadian Press was first published Sept. 8, 2025.
Companies in this story: (TSX:NTR)