Sept 8 (Reuters) - Nutrien ( NTR ) said on Monday it

will sell its 50% stake in Argentina-based nitrogen producer

Profertil S.A. for $600 million as the world's top potash

producer looks to rein in expenses and shift focus to other key

markets.

The stake will be acquired jointly by agribusiness companies

Adecoagro ( AGRO ) and Asociacion de Cooperativas Argentinas.

Nutrien ( NTR ) said the owner of the remaining 50% stake in

Profertil will have 90 days to exercise its right of first

refusal.

The company reported about $60 million in proportionate

earnings from its Profertil stake over the last four quarters.

The transaction expected to close before the end of 2025.