India looking closely at AGU-POT merger

The Competition Commission of India’s (CCI) preliminary opinion is that the proposed combination of Agrium Inc. and Potash Corp. of Saskatchewan Inc. is likely to have an appreciable adverse effect on competition, according to a statement by the Indian Ministry of Corporate Affairs, as reported by Bloomberg. CCI, India’s antitrust body, has directed the parties to publish details of the deal for the knowledge of the public and stakeholders.