Nutrien Completes Sale of Equity Position in Profertil S.A.

Core Viewpoint - Nutrien Ltd. has successfully completed the sale of its 50% equity stake in Profertil S.A. for approximately US$600 million, marking a strategic move to simplify its portfolio and enhance earnings quality [1][2]. Group 1: Sale Details - The sale of Profertil S.A. was made to Adecoagro S.A. and Asociacion de Cooperativas Argentinas Coop Ltda through a joint acquisition [1]. - Nutrien has generated approximately US$900 million in gross proceeds from asset divestitures since the fourth quarter of 2024 [2]. Group 2: Strategic Intentions - The company plans to allocate the proceeds from the sale towards capital allocation priorities that include targeted growth investments, share repurchases, and debt reduction [2]. - The completion of this sale is part of Nutrien's ongoing efforts to improve cash conversion and grow free cash flow per share over the long term [2]. Group 3: Company Overview - Nutrien is recognized as a leading global provider of crop inputs and services, operating a comprehensive network of production, distribution, and agricultural retail facilities [3]. - The company focuses on creating long-term value by prioritizing investments that enhance its competitive advantages across the agricultural value chain [3].