Phosphoric Acid, Phosphates & Fertilizers Experts

Nutrien Announces Sale of its Equity Position in Israel Chemicals LTD.

SASKATOON, Jan. 16, 2018 /CNW/ – Nutrien Ltd. (“Nutrien”) today announced that its wholly-owned subsidiary, Potash Corporation of Saskatchewan Inc., intends to sell 176,088,630 ordinary shares (the “Shares”) of Israel Chemicals Ltd. (“ICL”) – or 100% of Nutrien’s total stake – in a private secondary offering, subject to customary closing conditions. The offering is expected to close on January 23, 2018 (Israel). Nutrien expects to receive approximately US$700 million of net proceeds from the sale of the Shares.