Potash Corporation of Saskatchewan Inc (PotashCorp) and Agrium Inc (AGU) provided an update on the status of the proposed merger of equals transaction.
The regulatory review and approval process has progressed in all remaining jurisdictions. In Canada and US, the parties are working with the Canadian Competition Bureau and the Federal Trade Commission to resolve final issues in super phosphoric acid (SPA) and nitric acid.
The companies have also been informed that the Ministry of Commerce (MOFCOM) in China and, independently, the Competition Commission of India (CCI) intend to condition their respective approvals of the proposed transaction on the divestment of certain of PotashCorp's offshore minority ownership interests.
Potash Corporation of Saskatchewan Inc (PotashCorp) and Agrium Inc (AGU) provided an update on the status of the proposed merger of equals transaction.
The regulatory review and approval process has progressed in all remaining jurisdictions. In Canada and US, the parties are working with the Canadian Competition Bureau and the Federal Trade Commission to resolve final issues in super phosphoric acid (SPA) and nitric acid.
The companies have also been informed that the Ministry of Commerce (MOFCOM) in China and, independently, the Competition Commission of India (CCI) intend to condition their respective approvals of the proposed transaction on the divestment of certain of PotashCorp's offshore minority ownership interests.
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