Sioux City-Terra Industries Inc. and Kemira GrowHow Oyj have announced that the UK Office of Fair Trading has referred their planned joint venture to the Competition Commission. This review could take six months. The two announced in October their plan to create a jv to operate the fertilizer and associated process chemicals businesses of both companies in the UK. Both businesses produce ammonium nitrate, which is the main nitrogen fertilizer consumed in the UK. Terra said that due to the complex nature of the case, it was not surprised by the OFT decision.
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