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Agrium agrees AWB purchase

The Canadian agricultural products company, Agrium (Calgary, Alberta), has agreed to acquire the Australian agricultural trading business, AWB (Melbourne, Victoria), for Aus$1,237 million (US$1,128 million). AWB has informed Agrium that its board considers the deal superior to an earlier merger agreement with Australian grain trading firm GrainCorp (Sydney, New South Wales), Agrium points out. AWB distributes agrochemicals in Australia and New Zealand, among other activities.

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