Agrium sells AWB Ltd to Cargill

Agrium announced that they have reached an agreement to sell the majority of the commodity management business, AWB Limited, to Cargill. The purchase price Cargill is to pay, will be the net asset value of the acquired businesses at the completion date of the transaction, plus a premium, payable in cash. Cargill will assume AWB’s consolidated debts related to the sale. The sale is subject to customary closing and other conditions and is anticipated to be finished the first half of 2011.