A PYMNTS Company

Russia: Regs may still review approved potash merger

By  |  January 28, 2014

Russia’s Federal Antimonopoly Service has reportedly cleared ONEXIM’s planned buyout of potash conglomerate Uralkali, despite earlier reports that the FAS extended its review by two months.

The acquisition of a 27.76 percent stake in the potash company has been met with some concern, however, as the FAS confirmed it received inquiries regarding earlier media reports that the merger had been completed without approval by the FAS. The regulator said that if that is the case, “an administrative case will be opened.”

Authorities further confirmed that Uralkali was contacted by the FAS and told to meet certain requirements following the merger. Details on what those requirements are were not reported.

Full Content: Russia & India Report

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.