Nutrien Ltd. (TSX:NTR) recently said it plans to sell off its stake in Israel Chemicals Ltd. (TASE:ICL) in a secondary share offering, which could fetch it an expected $700 million. The sale comes as one of the requirements set out by global regulators for Potash Corp. and Agrium Inc. to merge to become Nutrien.
Nutrien also needs to sell its shareholdings in Arab Potash Co. and Chile-based SQM within 18 months, and had to sell off some U.S. operations and convert its holdings in China-based Sinofert Holdings Ltd. to a passive investment before it closed the merger.