U.S. farm co-operative CHS Inc said on Monday it has agreed to purchase 16 Canadian farm retail outlets from Agrium Inc , and plans to further expand its business in Canada.The deal includes eight stores that sell seed, chemicals and fertilizer to farmers, as well as eight ammonia tank businesses, located in Alberta and Saskatchewan, the two biggest wheat- and canola-growing Canadian provinces.The purchase bulks up CHS' modest Canadian holdings, which currently consist of three retail stores and small offices in Winnipeg and Calgary.The St. Paul, Minnesota-based company is interested in buying or building more farm retail stores, grain-handling sites and fuel sales locations in Canada, said John McEnroe, executive vice-president of CHS country operations.
Agrium Inc. (Agrium) is a global producer and marketer of nutrients for agricultural and industrial markets. Shares of AGU traded higher by 0.76% or $0.71/share to $94.27. In the past year, the shares have traded as low as $77.19 and as high as $102.03. On average, 713875 shares of AGU exchange hands on a given day and today's volume is recorded at 277708.
Agrium Inc. (Agrium) is a global producer and marketer of nutrients for agricultural and industrial markets. Shares of AGU traded higher by 0.36% or $0.37/share to $104.22. In the past year, the shares have traded as low as $83.46 and as high as $107.25. On average, 414230 shares of AGU.TO exchange hands on a given day and today's volume is recorded at 94827.
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