Nutrien CEO Says Co Pursuing Divestiture Of Retail Assets In Argentina, Chile, Uruguay; Co Will Continue To Review Its Footprint To Drive Down Operating Costs Across Its Brazilian Business; Expects A Continuous Rise In Costs Alongside A Rise In Global Demand; Says Retail Assets In Argentina, Chile And Uruguay Have Accounted For Around 2% Of Retail Earnings
Portfolio Pulse from Benzinga Newsdesk
Nutrien's CEO announced the company is pursuing the divestiture of its retail assets in Argentina, Chile, and Uruguay, which account for around 2% of retail earnings. The company will continue to review its footprint to reduce operating costs in Brazil, amidst rising global demand and costs.
June 12, 2024 | 3:01 pm
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Nutrien is divesting its retail assets in Argentina, Chile, and Uruguay, which account for 2% of retail earnings, to reduce operating costs. The company will also review its Brazilian operations amidst rising global demand and costs.
The divestiture of retail assets in Argentina, Chile, and Uruguay, which account for a small portion of retail earnings, is a strategic move to reduce operating costs. This is likely to have a positive short-term impact on Nutrien's stock as it aligns with cost-cutting measures and operational efficiency.
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