0001193125-17-312940.txt : 20171019 0001193125-17-312940.hdr.sgml : 20171019 20171018205932 ACCESSION NUMBER: 0001193125-17-312940 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 5 FILED AS OF DATE: 20171019 DATE AS OF CHANGE: 20171018 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SOCIEDAD QUIMICA Y MINERA DE CHILE S A /FI CENTRAL INDEX KEY: 0000865477 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-57705 FILM NUMBER: 171143522 BUSINESS ADDRESS: STREET 1: MONEDA 970 FLOOR 15 CITY: SANTIAGO CHILE STATE: F3 ZIP: 00000 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: POTASH CORP OF SASKATCHEWAN INC CENTRAL INDEX KEY: 0000855931 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE CHEMICALS [2870] IRS NUMBER: 000000000 STATE OF INCORPORATION: Z4 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: SUITE 500, 122 - 1ST AVENUE SOUTH CITY: SASKATOON STATE: A9 ZIP: S7K 7G3 BUSINESS PHONE: 3069338500 MAIL ADDRESS: STREET 1: SUITE 500, 122 - 1ST AVENUE SOUTH CITY: SASKATOON STATE: A9 ZIP: S7K 7G3 SC 13D/A 1 d475911dsc13da.htm SC 13D/A SC 13D/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED

PURSUANT TO § 240.13d-2(a)

Under the Securities Exchange Act of 1934

(Amendment No. 11)*

 

 

Sociedad Química y Minera de Chile S.A.

(Name of Issuer)

Series A Common Stock, no par value (“Series A Shares”)

Series B Common Stock, no par value (“Series B Shares”)

(Title of Class of Securities)

Series A Shares: 833636103

Series B Shares: 833635105

(CUSIP Number)

Wayne R. Brownlee

Executive Vice President, Treasurer and Chief Financial Officer

Potash Corporation of Saskatchewan Inc.

Suite 500, 122 – 1st Avenue South

Saskatoon, Saskatchewan

Canada S7K 7G3

(306) 933-8500

with a copy to

Robert A. Profusek

Joel T. May

Jones Day

250 Vesey Street

New York, New York 10281-1047

(212) 326-3939

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

October 18, 2017

(Date of Event Which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.  ☐

 

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

 

 

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

CUSIP No. 833635105 / 833636103   (Page 2 of 9)

 

  1   

NAMES OF REPORTING PERSONS:

 

Potash Corporation of Saskatchewan Inc.

 

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):

 

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY:

 

  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS):

 

    Series A Shares: Not Applicable

    Series B Shares: AF, WC

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e):  ☐

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION:

 

    Saskatchewan, Canada

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

      7    

SOLE VOTING POWER:

 

    - 0 - Series A Shares (See Item 5)

    - 0 - Series B Shares (See Item 5)

     8   

SHARED VOTING POWER:

 

    64,056,568 Series A Shares (See Item 5)

    20,166,319 Series B Shares (See Item 5)

     9   

SOLE DISPOSITIVE POWER:

 

    - 0 - Series A Shares (See Item 5)

    - 0 - Series B Shares (See Item 5)

   10   

SHARED DISPOSITIVE POWER:

 

    64,056,568 Series A Shares (See Item 5)

    20,166,319 Series B Shares (See Item 5)

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

 

    64,056,568 Series A Shares (See Item 5)

    20,166,319 Series B Shares (See Item 5)

12  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):  ☐

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):

 

    44.85% of Series A Shares (See Item 5(a))

    16.75% of Series B Shares (see Item 5(a))

14  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):

 

    CO

CUSIP No. 833635105 / 833636103   (Page 3 of 9)

 

  1   

NAMES OF REPORTING PERSONS:

 

Inversiones PCS Chile Limitada

 

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):

 

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY:

 

  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS):

 

    Series A Shares: Not Applicable

    Series B Shares: AF

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e):  ☐

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION:

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

      7    

SOLE VOTING POWER:

 

    - 0 - Series A Shares (See Item 5)

    - 0 - Series B Shares (See Item 5)

     8   

SHARED VOTING POWER:

 

    15,526,000 Series A Shares (See Item 5)

    1,600,000 Series B Shares (See Item 5)

     9   

SOLE DISPOSITIVE POWER:

 

    - 0 - Series A Shares (See Item 5)

    - 0 - Series B Shares (See Item 5)

   10   

SHARED DISPOSITIVE POWER:

 

    15,526,000 Series A Shares (See Item 5)

    1,600,000 Series B Shares (See Item 5)

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

 

    15,526,000 Series A Shares (See Item 5)

    1,600,000 Series B Shares (See Item 5)

12  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):  ☐

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):

 

    10.87% of Series A Shares (See Item 5(a))

    1.33% of Series B Shares (See Item 5(a))

14  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):

 

    OO

CUSIP No. 833635105 / 833636103   (Page 4 of 9)

 

  1   

NAMES OF REPORTING PERSONS:

 

Inversiones El Boldo Limitada

 

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):

 

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY:

 

  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS):

 

    Series A Shares: Not Applicable

    Series B Shares: AF

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e):  ☐

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION:

 

    Republic of Chile

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

      7    

SOLE VOTING POWER:

 

    - 0 - Series A Shares (See Item 5)

    - 0 - Series B Shares (See Item 5)

     8   

SHARED VOTING POWER:

 

    29,330,326 Series A Shares (See Item 5)

    16,363,546 Series B Shares (See Item 5)

     9   

SOLE DISPOSITIVE POWER:

 

    - 0 - Series A Shares (See Item 5)

    - 0 – Series B Shares (See Item 5)

   10   

SHARED DISPOSITIVE POWER:

 

    29,330,326 Series A Shares (See Item 5)

    16,363,546 Series B Shares (See Item 5)

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

 

    29,330,326 Series A Shares (See Item 5)

    16,363,546 Series B Shares (See Item 5)

12  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):  ☐

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):

 

    20.54% of Series A Shares (See Item 5(a))

    13.59% of Series B Shares (See Item 5(a))

14  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):

 

    OO

CUSIP No. 833635105 / 833636103   (Page 5 of 9)

 

  1   

NAMES OF REPORTING PERSONS:

 

Inversiones RAC Chile S.A.

 

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):

 

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY:

 

  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS):

 

    Series A Shares: Not Applicable

    Series B Shares: Not Applicable

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e):  ☐

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION:

 

    Republic of Chile

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

      7    

SOLE VOTING POWER:

 

    - 0 - Series A Shares (See Item 5)

    - 0 - Series B Shares (See Item 5)

     8   

SHARED VOTING POWER:

 

    19,200,242 Series A Shares (See Item 5)

    2,202,773 Series B Shares (See Item 5)

     9   

SOLE DISPOSITIVE POWER:

 

    - 0 - Series A Shares (See Item 5)

    - 0 - Series B Shares (See Item 5)

   10   

SHARED DISPOSITIVE POWER:

 

    19,200,242 Series A Shares (See Item 5)

    2,202,773 Series B Shares (See Item 5)

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

 

    19,200,242 Series A Shares (See Item 5)

    2,202,773 Series B Shares (See Item 5)

12  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):  ☐

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):

 

    13.44% of Series A Shares (See Item 5(a))

    1.83% of Series B Shares (See Item 5(a))

14  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):

 

    OO

CUSIP No. 833635105 / 833636103    Schedule 13D     

 

Item 1. Security and Issuer.

This Amendment No. 11 amends the Schedule 13D, dated November 2, 2001, as amended (the “Schedule 13D”), of Potash Corporation of Saskatchewan Inc. (“PCS”) and the PCS affiliates listed in Item 2 with respect to Series A Shares and Series B Shares of Sociedad Química y Minera de Chile S.A. (the “Issuer”), a company organized under the laws of the Republic of Chile. The principal executive offices of the Issuer are located at El Trovador 4285, Santiago, Chile. Capitalized terms used but not otherwise defined in this Amendment No. 11 have the meanings ascribed to such terms in the Schedule 13D.

Item 2. Identity and Background.

This Amendment No. 11 is filed pursuant to Rule 13d-2(a) under the Securities Exchange Act of 1934 by the persons listed below (the “Reporting Persons”).

(1) PCS, a corporation organized under the laws of Canada, together with its direct and indirect subsidiaries, is the world’s largest fertilizer producer by capacity producing the three primary crop nutrients: potash, nitrogen and phosphate. Its principal business address is: Suite 500, 122 — 1st Avenue South, Saskatoon, Saskatchewan, Canada S7K 7G3.

(2) Inversiones PCS Chile Limitada (“PCS Chile”) is a limited liability company organized under the laws of the Republic of Chile principally for the purpose of acquiring and holding shares of the Issuer. Its principal business address is: Avenida Apoquindo 3721, Piso 12, comuna de Las Condes, Santiago, Chile. PCS beneficially owns the entire outstanding equity interest in PCS Chile.

(3) Inversiones El Boldo Limitada (“Chile Holdco”) is a limited liability company organized under the laws of the Republic of Chile principally for the purpose of acquiring and holding shares of the Issuer. Its principal business address is: Avenida Apoquindo 3721, Piso 12, comuna de Las Condes, Santiago, Chile. PCS beneficially owns the entire outstanding equity interest in Chile Holdco.

(4) Inversiones RAC Chile S.A. (“RAC”) is a closely held corporation organized under the laws of the Republic of Chile and was acquired by PCS principally for the purpose of acquiring and holding shares of the Issuer. Its principal business address is: Avenida Apoquindo 3721, Piso 12, comuna de Las Condes, Santiago, Chile. PCS beneficially owns the entire outstanding equity interest in RAC.

None of the Reporting Persons, during the last five years, has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

Item 3. Source and Amount of Funds or Other Consideration.

No change.

Item 4. Purpose of Transaction.

On October 18, 2017, PCS published a press release announcing that the Competition Commission of India (the “CCI”) had been directed to conditionally approve the previously announced combination of PCS and Agrium Inc. (“Agrium”), subject to the commitment of PCS and Agrium to divest PCS’ minority shareholdings in three companies, including the Issuer, within 18 months. The combination may be completed prior to the divestitures, which may be by privately negotiated sales or other transactions. A copy of the press release is attached as Exhibit 2 hereto and incorporated herein by reference.

 

(Page 6 of 9)

CUSIP No. 833635105 / 833636103    Schedule 13D     

 

Item 5. Interest in Securities of the Issuer.

(a) The Series A Shares and Series B Shares beneficially owned by each of PCS, PCS Chile, Chile Holdco and RAC are as follows:

 

     Number of
Series A Shares		      % of Class(1)     Number of
Series B Shares		      % of Class(2)     % of All Equity
Securities of Issuer(3)		  

PCS(4)

      64,056,568        44.85 %      20,166,319        16.75 %      32.00 % 

PCS Chile

      15,526,000        10.87 %      1,600,000        1.33 %      6.51 % 

Chile Holdco

      29,330,326        20.54 %      16,363,546        13.59 %      17.36 % 

RAC

      19,200,242        13.44 %      2,202,773        1.83 %      8.13 % 

 

(1) Based upon 142,819,552 Series A Shares outstanding as of June 30, 2017 (as reported in the Issuer’s Form 6-K furnished to the Securities and Exchange Commission (the “Commission”) on September 21, 2017).
(2) Based upon 120,376,972 Series B Shares outstanding as of June 30, 2017 (as reported in the Issuer’s Form 6-K furnished to the Commission on September 21, 2017).
(3) Based upon 142,819,552 Series A Shares and 120,376,972 Series B Shares outstanding as of June 30, 2017.
(4) PCS beneficially owns all shares owned by it, PCS Chile, Chile Holdco and RAC.

(b) Because PCS beneficially owns the entire outstanding equity interest in PCS Chile, Chile Holdco and RAC, PCS has the power to vote or to direct the voting or to dispose or direct the disposition of all of the Series A Shares and all of the Series B Shares owned by PCS Chile, Chile Holdco and RAC. Except as otherwise disclosed herein, no person other than the Reporting Persons shares the power to vote or to direct the vote or to dispose or direct the disposition of any of the Series A Shares or any of the Series B Shares owned by the Reporting Persons.

(c) Not applicable.

(d) No change.

(e) Not applicable.

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

The information contained in Item 4 above with respect to the conditional approval by the CCI is incorporated herein by reference.

Item 7. Material to be Filed as Exhibits.

 

Exhibit 1    Joint Filing Agreement, dated as of October 19, 2017, among Potash Corporation of Saskatchewan Inc., Inversiones PCS Chile Limitada, Inversiones RAC Chile S.A., and Inversiones El Boldo Limitada
Exhibit 2    Press release, dated October 18, 2017, issued by Potash Corporation of Saskatchewan Inc. and Agrium Inc.

 

(Page 7 of 9)

CUSIP No. 833635105 / 833636103    Schedule 13D     

 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

Dated: October 19, 2017

 

POTASH CORPORATION OF SASKATCHEWAN INC.
By:  

/s/ Robert A. Kirkpatrick

  Name: Robert A. Kirkpatrick
  Title:   Vice President, Deputy General Counsel and
              Assistant Corporate Secretary

 

INVERSIONES PCS CHILE LIMITADA
By:  

/s/ Jose Maria Eyzaguirre B.

  Name: Jose Maria Eyzaguirre B.
  Title:   Representative
INVERSIONES RAC CHILE S.A.
By:  

/s/ Jose Maria Eyzaguirre B.

  Name: Jose Maria Eyzaguirre B.
 

Title:   Representative

 

 

INVERSIONES EL BOLDO LIMITADA
By:  

/s/ Jose Maria Eyzaguirre B.

  Name: Jose Maria Eyzaguirre B.
 

Title:   Representative

 

 

 

(Page 8 of 9)

CUSIP No. 833635105 / 833636103    Schedule 13D     

 

EXHIBIT INDEX

 

Exhibit 1    Joint Filing Agreement, dated as of October 19, 2017, among Potash Corporation of Saskatchewan Inc., Inversiones PCS Chile Limitada, Inversiones RAC Chile S.A., and Inversiones El Boldo Limitada
Exhibit 2    Press release, dated October 18, 2017, issued by Potash Corporation of Saskatchewan Inc. and Agrium Inc.

 

(Page 9 of 9)

EX-1 2 d475911dex1.htm EX-1 EX-1

Exhibit 1

JOINT FILING AGREEMENT

The undersigned hereby agree that the Schedule 13D with respect to the shares of Series A Common Stock, no par value, and Series B Common Stock, no par value, of Sociedad Química y Minera de Chile S.A. is, and any amendment thereto signed by each of the undersigned shall be, filed on behalf of each of the undersigned pursuant to and in accordance with the provisions of Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934. The undersigned hereby further agree that this Joint Filing Agreement be included as an exhibit to such statement and any such amendment. This Joint Filing Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

Dated: October 19, 2017

 

POTASH CORPORATION OF SASKATCHEWAN INC.
By:  

/s/ Robert A. Kirkpatrick

  Name: Robert A. Kirkpatrick
  Title:   Vice President, Deputy General Counsel and
              Assistant Corporate Secretary

 

INVERSIONES PCS CHILE LIMITADA
By:  

/s/ Jose Maria Eyzaguirre B.

  Name: Jose Maria Eyzaguirre B.
  Title:   Representative

INVERSIONES RAC CHILE S.A.

By:  

/s/ Jose Maria Eyzaguirre B.

  Name: Jose Maria Eyzaguirre B.
 

Title:   Representative

 

INVERSIONES EL BOLDO LIMITADA
By:  

/s/ Jose Maria Eyzaguirre B.

  Name: Jose Maria Eyzaguirre B.
  Title:   Representative
 
 EX-2 3 d475911dex2.htm EX-2 EX-2

Exhibit 2

 

LOGO    LOGO

FOR IMMEDIATE RELEASE

Agrium and PotashCorp Announce Receipt of Regulatory Approval in India

Saskatoon, Saskatchewan and Calgary, Alberta, October 18, 2017 – Potash Corporation of Saskatchewan Inc. (PotashCorp) (TSX and NYSE: POT) and Agrium Inc. (TSX and NYSE: AGU) today announced that India has approved their proposed merger of equals transaction.

An Indian appellate court has approved a settlement reached between the merger parties and the Competition Commission of India (“CCI”) and has directed the CCI to issue a clearance order. The CCI’s approval will be conditioned on the parties’ commitment to divest PotashCorp’s minority shareholdings in Arab Potash Company, Israel Chemicals, Ltd. and Sociedad Quimica y Minera de Chile S.A. within a period of 18 months from the issuance of the order. The companies are permitted to consummate the merger prior to the divestments.

The companies previously received unconditional clearance for the merger in Canada, Brazil and Russia. The regulatory review and approval process continues in the U.S. and China and the parties expect to close the transaction by the end of the fourth quarter of 2017.

Upon closing the merger transaction, the new company will be named Nutrien. As the largest global provider of crop inputs and services, Nutrien will play a critical role in “Feeding the Future” by helping growers to increase food production in a sustainable manner.

Additional information on the merger between Agrium and PotashCorp can be found at the following website http://www.worldclasscropinputsupplier.com/. Information about Agrium and PotashCorp can be found under their respective corporate profiles on SEDAR at www.sedar.com or on EDGAR at www.sec.gov, respective websites at www.agrium.com and www.potashcorp.com, or by contacting the representatives below.

About PotashCorp

PotashCorp is the world’s largest crop nutrient company and plays an integral role in global food production. The company produces the three essential nutrients required to help farmers grow healthier, more abundant crops. With global population rising and diets improving in developing countries, these nutrients offer a responsible and practical solution to meeting the long-term demand for food. PotashCorp is the largest producer, by capacity, of potash and one of the largest producers of nitrogen and phosphate. While agriculture is its primary market, the company also produces products for animal nutrition and industrial uses. Common shares of Potash Corporation of Saskatchewan Inc. are listed on the Toronto Stock Exchange and the New York Stock Exchange.

About Agrium

Agrium Inc. is a major global producer and distributor of agricultural products, services and solutions. Agrium produces nitrogen, potash and phosphate fertilizers, with a combined wholesale nutrient capacity of approximately eleven million tonnes and with significant competitive advantages across our product lines. Agrium supplies key products and services directly to growers, including crop nutrients, crop protection, seed, as well as agronomic and application services, thereby helping growers to meet the ever growing global demand for food and fibre. Agrium retail-distribution has an unmatched network of approximately 1,500 facilities and over 3,300 crop consultants who provide advice and products to our grower customers to help them increase their yields and returns on hundreds of different crops. With a focus on sustainability, the company strives to improve the communities in which it operates through safety, education, environmental improvement and new technologies such as the development of precision agriculture and controlled release nutrient products. Agrium is focused on driving operational excellence across our businesses, pursuing value-enhancing growth opportunities and returning capital to shareholders. For more information visit: www.agrium.com

Forward-Looking Statements

Certain statements and other information included in this press release constitute “forward-looking information” or “forward-looking statements” (collectively, “forward-looking statements”) under applicable securities laws. All statements in this press release, other than those relating to historical information or current conditions, are forward-looking statements, including, but not limited to: the completion of the proposed transaction and the expected completion date of the proposed transaction.

Forward-looking statements in this press release are based on certain key expectations and assumptions made by Agrium and PotashCorp, including expectations and assumptions concerning the time necessary to satisfy the conditions to the closing of the transaction, including the regulatory approvals in connection therewith and the nature and timing of expected remedies associated with such regulatory approvals. The anticipated closing date may change for a number of reasons, including due to the need for additional time to satisfy the conditions to the completion of the transaction, including the receipt of the regulatory approvals and/or execution of any remedies relating thereto. Although Agrium and PotashCorp believe that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Agrium and PotashCorp can give no assurance that they will prove to be correct. Forward-looking statements are subject to various risks and uncertainties which could cause actual results and experience to differ materially from the anticipated results or expectations expressed in this press release. Key risks and uncertainties include, but are not limited to: Agrium and PotashCorp being unable to satisfy conditions to closing of the proposed transaction, including receipt of regulatory approvals, at all or within the timeframe set out in this press release; changes in government policy, government ownership requirements, changes in environmental, tax and other laws or regulations and the interpretation thereof; and other risk factors detailed from time to time in Agrium and PotashCorp reports filed with the Canadian securities regulatory authorities and the United States Securities and Exchange Commission. The anticipated timeline for completion of the transaction may change for a number of reasons, including the need for additional time to satisfy the conditions to the completion of the transaction, including receipt of regulatory approvals in particular. As a result of the foregoing, readers should not place undue reliance on the forward-looking statements contained in this press release concerning the timing of the transaction.

Agrium and PotashCorp disclaim any intention or obligation to update or revise any forward-looking statements in this press release as a result of new information or future events, except as may be required under applicable U.S. federal securities laws or applicable Canadian securities legislation.

 

Agrium Contacts

Investor/Media Relations:

Richard Downey

Vice President, Investor & Corporate Relations

(403) 225-7357

Todd Coakwell

Director, Investor Relations

(403) 225-7437

aginvest@agrium.com

PotashCorp Contacts

Investors:

Denita Stann

Senior Vice President, Investor and Public Relations

(306) 933-8521

IR@potashcorp.com

Media:

Randy Burton

Director, Public Relations and Communications

(306) 933-8849

 

 

 

 GRAPHIC 4 g475911g31l07.jpg GRAPHIC begin 644 g475911g31l07.jpg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end GRAPHIC 5 g475911g72w54.jpg GRAPHIC begin 644 g475911g72w54.jpg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end