Competition preserved in Canada's fertilizer industry
September 11, 2017 – OTTAWA, ON – Competition Bureau
Following an extensive review, the Competition Bureau has concluded that the merger of Agrium Inc. and Potash Corporation of Saskatchewan Inc. (PCS) is unlikely to substantially lessen or prevent competition in the Canadian fertilizer industry.The Bureau has issued a No Action Letter to the merging parties confirming that it will not, at this time, challenge the proposed transaction before the Competition Tribunal.
The Bureau concluded that the transaction would not lead to a substantial lessening or prevention of competition in Canada for products sold by both companies, including potash fertilizer, dry or liquid phosphate fertilizer and nitric acid.
During its review, the Bureau conducted consultations with a broad range of market participants and made use of a range of analytical tools. As Agrium and PCS supply Canadian and foreign markets, the Bureau carried out its review in cooperation with the United States Federal Trade Commission (FTC) and other international counterparts.
Agrium and PCS both manufacture and globally supply fertilizer products.
When a merger is subject to regulatory approvals in other jurisdictions, the Bureau works closely and in collaboration with its international counterparts.
The Bureau's long-standing relationship with the FTC ensured an efficient and coordinated review of this matter, consistent with the agencies' agreement on Best practices on cooperation in cross-border merger investigations.
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