Canada competition watchdog will not challenge Agrium, Potash merger

Canada competition watchdog will not challenge Agrium, Potash merger

Reuters Staff

Sept 11 2017

OTTAWA (Reuters) – Canada’s competition watchdog said on Monday it will not challenge a proposed merger between Agrium Inc (AGU.TO) and Potash Corp (POT.TO), saying the transaction was unlikely to substantially lessen competition in the fertilizer industry.

The Competition Bureau said it had issued a “no action” letter to the two companies, which announced their plan to combine last year in an all-stock merger valued at $25 billion.

Reporting by Leah Schnurr; Editing by Sandra Maler

 

About prosperitysaskatchewan

Consultant on Saskatchewan's natural resources.

Posted on September 12, 2017, in economic impact, political, potash. Bookmark the permalink. Leave a comment.

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