Agrium settles potash claim Agrium announced that it has tentatively settled all claims brought by a purported class of direct and indirect purchaser plaintiffs who alleged that Agrium's and other defendants' pricing of potash violated United States antitrust laws. The settlement is subject to court approval. Agrium and the other defendants deny all allegations of wrongdoing, liability, or damage to any of the plaintiffs or putative classes in the action, deny that they engaged in any violation of law or breach of duty, and believe they acted properly at all times. Agrium will pay a total of $10M to settle the claims and will thereby be released from any liability in connection with those claims.
Agrium to divest West Sacramento site Agrium announced that it intends to divest the West Sacramento product upgrade facility and site in 2015. The site has access to tidewater and imports the raw materials to produce UAN solutions for the California market. Over the past two years, the site has produced on average about 200,000 tonnes of nitrogen solution products. The decision to divest the site was made as part of Agrium's portfolio review and any impact on financials are expected to be negligible.