Agrium selling half of facility
Calgary-based Agrium announced yesterday that it had agreed to sell half of a nitrogen facility in Alberta for US$250 million to US- based Terra Industries Inc. in an attempt to push forward its stalled plan to buy CF Industries Holdings.
Agrium Inc. said Friday that it may have to write off its $280 million investment in its EAgrium plant as a result of a vote by the Egyptian parliament to recommend moving the plant.