PotashCorp and Agrium will merge to become Nutrien.

PotashCorp announced the name change on Wednesday. It is set to happen once the months-long merger process is complete later this year.

PotashCorp, which operates a phosphate mine in Aurora, and Agrium, an agricultural product company, announced plans to merge in September 2016.

“The new organization will be the global leader in reliable, low-cost crop nutrient production, combined with the largest agricultural retail-distribution network in the world,” a press release stated.

With the merger, the new company’s ownership will be roughly half-and-half between the original companies’ shareholders: 52 percent, PotashCorp shareholders; and 48 percent, Agrium shareholders.

“Agrium shareholders will receive 2.23 Nutrien shares for each Agrium share. PotashCorp shareholders will receive 0.40 Nutrien shares for each PotashCorp share,” according to a release.

Jochen Tilk, chief executive officer of PotashCorp, will move into a position of executive chairman, while Agrium’s Chuck Magro will keep his CEO position over the newly formed Nutrien. The head office will be in Saskatoon, Saskatchewan, Canada, where PotashCorp is headquartered now, but there will be corporate offices in Calgary, Alberta, Canada, as well.

As for how these changes will affect individual operations, such as the Aurora mine, a lot of unknowns remain, and officials remain either tight-lipped or vague.

Elke Mantei, administrator of investor relations with Agrium, declined to give any comment regarding the merger.

Randy Burton, director of public relations at PotashCorp, did not respond to a request for comment.

In a 2016 interview, however, Burton said, “Generally, we expect to maintain a strong workforce in each of the new company’s operations, and the vast majority of the synergies we have identified will come from logistics and distribution and are unrelated to jobs count.”

Around the same time last year, Tilk stated: “Our workforce and the communities in which we operate are critical to both PotashCorp and Agrium, and we intend to carry forward best practices from both companies in corporate social responsibility, including commitments to employees, operating communities and the environment.”