China Imposes Conditions on Uralkali/Silvinit Merger after Anti-monopoly Review
8 June 2011
Mayer Brown JSM Legal Update
On 2 June 2011, the Anti-Monopoly Bureau of China's Ministry of Commerce (Mofcom) announced its seventh conditional approval decision, clearing the proposed US$7.8 billion merger of Russian potash producers Uralkali and Silvinit subject to requirements relating to the merged entity's future levels of supply and pricing for Chinese customers. This marks the first published merger review decision in China in approximately 10 months (since the Novartis/Alcon conditional clearance decision in August 2010).