The head of Russia’s largest potash company Uralkali was arrested Monday following charges the company is abusing its dominant position and just weeks after the company abandoned a joint venture with Belarus. CEO Vladislav Baumgertner was arrested at Minsk airport on suspicion of colluding to end the joint venture with state-owned Belaruskali for personal gain. Uralkali and Belaruskali had been in the partnership since 2005, though the two had been accused of fixing potash prices. Uralkali ended the partnership last month. But Belarus’s Investigative Committee told reporters they suspect Uralkali’s departure from the joint venture was intended to manipulate the potash market for “material benefits.” Potash is a crucial ingredient in fertilizer.
Full Content: CBC News
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
ConocoPhillips Acquires Marathon Oil for $22.5 Billion in Major Energy Sector Consolidation
May 29, 2024 by
CPI
Judge Denies Amazon’s Bid to Dismiss FTC Lawsuit Over Prime Membership Practices
May 29, 2024 by
CPI
Germany and France Advocate for Major EU Competition Reform
May 29, 2024 by
CPI
Equifax Accused of Monopolizing Employment Verification Market in New Suit
May 29, 2024 by
CPI
Car Battery Makers to Challenge EU Cartel Charges in Brussels
May 29, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI