Sao Paulo | Reuters — The Brazilian unit of Nutrien said it will sell its fertilizer blending plants in the country, according to a statement sent to Reuters on Thursday.
The company said it decided to discontinue its fertilizer blending operations in Brazil in 2024, adding that the sale process of these units is a natural step toward what it called “a global business optimization strategy.”
Canada-based Nutrien has five fertilizer blenders in Brazil.
In March of 2024, Reuters reported that Nutrien, the world’s largest producer of potash fertilizer, was mulling divestments in South America, replacing management and halting an acquisition spree in Brazil after steep losses in the region.
Brazil Journal, a local news outlet, on Thursday reported Nutrien had hired a financial adviser to sell its five blending facilities in Brazil, citing sources familiar with the plans.
