AGRIUM INC T.AGU

Agriculture Agricultural Inputs

"With more than 1,400 retail centers, Canada-based Agrium is the largest agricultural retailer in the United States, selling fertilizers, crop chemicals, and seed directly to farm customers. The company's wholesale business produces and markets the three main crop nutrients--nitrogen, potash, and phosphate--with natural resources located mainly in Canada and the United States. The bulk of Agrium's sales are generated in the U.S., Canada, and Australia."

TSX:AGU - Post by User

AGRIUM INC

Bullboard Posts

Comment by pangloss81on Apr 22, 2009 10:50pm

299 Views

Post# 15938038

RE: AGU exercises options

interesting.

TORONTO _ Agrium (TSX:AGU) has exercised an option to buy a 50 per cent stake in Hanfeng Evergreen Inc.'s (TSX:HF) Canadian slow-release fertilizer business.

The Agrium buy-in to Hanfeng Slow Release Fertilizer (Canada)Co. Ltd. is the followup to a deal that saw the Calgary agriculturalproducts giant take a 19.6 per cent equity stake in Hanfeng in 2007.

The subsidiary of Hanfeng, which is focused on its fertilizerbusiness in China, is also known as Subco. It develops slow- andcontrolled-release fertilizers for the agricultural market.

Shares in Hanfeng fell 21 cents or three per cent in afternoon trading on the Toronto stock market.

Bullboard Posts

Record Q3: Equinox Gold achieves commercial production at Greenstone Mine