Calgary — Agrium Inc. President and CEO Michael Wilson said Nov. 14 that the company expects to close on its acquisition of the bulk of Viterra’s retail outlets by the end of the first quarter of 2013. He said Glencore has indicated that it will likely close with Viterra in the second week of December. “If they do we’ll be getting into Christmas when we file for competition review, but hopefully, we’ll be closing the deal near the end of the first quarter.” As a result, he said Agrium would be getting all the earnings from April 1 on that business. He said it would be a great addition for Agrium. And Agrium Retail is not prepared to rest on its laurels. “We’re likely sitting in retail below 20 percent share of market,” said Wilson, “whereas why can’t we get that up to 30 percent over the immediate near future.” He said Agrium Retail has lots of room to grow in North America. Wilson was speaking at the Dahlman Rose & Co. Global Metals, Mining and Materials Conference.
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