Agrium completes farm retail purchase from Glencore

Reuters

Oct 1 (Reuters) - Canadian fertilizer company Agrium Inc said on Tuesday it has completed its purchase ofViterra Inc's Canadian farm retail stores.

Agrium, already the biggest U.S. retail seller offertilizer, chemicals and seed, will get 210 stores acrossWestern Canada from Glencore Xstrata PLC, whichacquired Viterra in 2012.

Agrium said it expects the former Viterra stores tocontribute C$75 million ($72.8 million) to C$90 million inannual earnings before interest, taxes, depreciation andamortization (EBITDA) and sees synergies of C$15 million to C$20million by the end of 2015.

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