China May Launch Monopoly Probe on Potash Firms
(Beijing) -- Chinese authorities are likely to launch an anti-trust investigation into two recently proposed mergers and acquisitions of major potash producers, as the deal may affect the global pricing of fertilizer.
Australian resources major BHP Billiton recently offered US$ 38.5 billion to take over Canadian fertilizer producer Potash Corp. Meanwhile, two top Russian fertilizer producers, Uralkali and Silvinit, are discussing a possible merger.
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