Canadian fertilizer company Agrium Inc said on Friday that it will sell its turf and ornamental business to an affiliate of Koch Fertilizer LLC for $85 million including working capital. The sale, expected to close in the second quarter, is part of a review Agrium completed last year that led to Agrium restructuring its three divisions into two business units.Koch Fertilizer is a subsidiary of Kansas-based Koch Industries Inc, one of the largest privately held U.S. companies.Agrium shares were down more than 1 percent in Toronto and New York in late morning trading.
Agrium Inc. (Agrium) is a global producer and marketer of nutrients for agricultural and industrial markets. Shares of AGU fell by 1.83% or $-1.7/share to $91.09. In the past year, the shares have traded as low as $77.19 and as high as $97.97. On average, 661660 shares of AGU exchange hands on a given day and today's volume is recorded at 348801.
Agrium Inc. (Agrium) is a global producer and marketer of nutrients for agricultural and industrial markets. Shares of AGU fell by 1.06% or $-1.06/share to $99.35. In the past year, the shares have traded as low as $83.46 and as high as $108.28. On average, 367397 shares of AGU.TO exchange hands on a given day and today's volume is recorded at 168165.
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