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Agrium, Potash to merge into $36-billion crop fertilizer giant

The new company will combine potash, nitrogen and phosphate production with a global distribution network, employing just under 20,000 people

Agrium Inc and its rival Potash Corp said on Monday they had agreed to merge to create a $36-billion global crop fertilizer behemoth.

The new company will combine potash, nitrogen and phosphate production with a global distribution network, employing just under 20,000 people, and is to generate $500 million in savings from joint operations, a joint statement said.