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Nutrien Announces Agreement for Sale of Equity Position in MOPCO and Settlement of All Arbitration Claims

Press release content from Business Wire. The AP news staff was not involved in its creation. Nutrien Announces Agreement for Sale of Equity Position in MOPCO and Settlement of All Arbitration Claims December 18, 2020 GMT SASKATOON, Saskatchewan (BUSINESS WIRE) Dec 18, 2020 Nutrien Ltd. (NYSE, TSX: NTR)(“Nutrien”) announced today that, through one of its wholly-owned subsidiaries, it has entered into an agreement with the Government of Egypt (through the Egyptian Ministries of Finance and Petroleum) to sell 100% of its stake in Misr Fertilizers Production Company S.A.E. (MOPCO) totaling 59,573,922 ordinary MOPCO shares and upon closing to settle all arbitration claims it has made against the Government of Egypt and MOPCO’s affiliate, the Egyptian Nitrogen Products Company S.A.E. Total gross proceeds resulting from the sale of shares as well as the settlements amongst the parties total $540 million, which, subject to customary closing conditions, are expected to be received

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