Fertiliser giant Nutrien is planning to invest $4bn in its agricultural retail business in the US, Canada, Australia and Brazil. The extra capital, which will be injected over Q1 2019, will also help to grow the company's Integrated Digital Platform, with the intention of spending $100m per year on developing the technology, along with the the next five years launch of an e-commerce platform for limited products. Finance for these ventures will be raised from the $6bn-$8bn divestment of assets that was ordered by regulators when Nutrien was formed from the merger of Potash Corp and Agrium this year.
Fertiliser giant Nutrien is planning to invest $4bn in its agricultural retail business in the US, Canada, Australia and Brazil. The extra capital, which will be injected over the next five years, will also help to grow the company's Integrated Digital Platform, with the intention of spending $100m per year on developing the technology, along with the Q1 2019 launch of an e-commerce platform for limited products. Finance for these ventures will be raised from the $6bn-$8bn divestment of assets that was ordered by regulators when Nutrien was formed from the merger of Potash Corp and Agrium this year.