Caixin OnlineBusiness & IndustryTop Stories Industry China May Launch Monopoly Probe on Potash Firms
09.02.2010 16:50

China May Launch Monopoly Probe on Potash Firms

BHP Billiton’s offer to take over Canadian fertilizer producer Potash Corp. has stirred concern among Chinese regulators and state-owned firms
By staff reporter An Yang

(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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