Premier Wall says he expects head-office pledge to be honoured after PotashCorp-Agrium merger – by Alex MacPherson (Saskatoon StarPhoenix – August 31, 2017)

http://thestarphoenix.com/

Saskatchewan Premier Brad Wall says he expects that the “spirit and the letter” of Potash Corp. of Saskatchewan Inc.’s pledge to the province in the wake of BHP Billiton’s failed takeover bid will be reflected in Nutrien Ltd., the company that will be formed when PotashCorp and Agrium Inc. merge later this year.

To that extent, the outgoing premier said, Saskatchewan’s new energy and resources minister Nancy Heppner will in the coming weeks contact Saskatoon-based PotashCorp and Agrium, which is headquartered in Calgary, to ensure the new firm’s head office will in fact be located in Saskatchewan.

“We want to ensure that Saskatchewan, as the head office for this company, has the maximum number of head office jobs, that the presence in this province is indisputably the head office,” Wall told reporters Wednesday at Government House in Regina after shuffling his 17-member cabinet.

The merger, which was announced in September 2016 after weeks of speculation, is expected to create a company valued at US$26 billion with around 20,000 employees. PotashCorp and Agrium said at the time that the then-unnamed company’s “registered head office” will be in Saskatoon, and that it will have corporate offices in Saskatoon and Calgary.

A registered head office can be, but is not necessarily, the same office where a company’s executives work. The merger process is ongoing and details have not been finalized, PotashCorp Randy Burton said in an emailed statement.

For the rest of this article: http://thestarphoenix.com/news/local-news/premier-wall-says-he-expects-head-office-pledge-to-be-honoured-after-potashcorp-agrium-merger

 

 

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