The Chinese MOFCOM conditionally clears in phase II a merger between two Russian companies in the Chinese potash market (Urakali / Silvinit)

The Russian Potash Deal - first conditional clearance of 2011* On June 2, 2011, Ministry of Commerce (MOFCOM) publicly announced the first conditional merger clearance in 2011. At its [2011] No. 33 Announcement, MOFCOM cleared Uralkali's proposed acquisition of Silvinit (the Parties) (both potash producers based in Russia) with conditions. This is the 7th conditional merger clearance since the enactment of the Anti-monopoly Law (AML) in 2008. MOFCOM is obliged by statute to publish conditional clearances. The following are the salient points to note vis-à-vis this conditional clearance: MOFCOM officially accepted the Parties' merger control submission on 14 March 2011. This filing entered into Phase 2 review on 12 April 2011. MOFCOM decided to clear this transaction with conditions

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  • King & Wood Mallesons (Beijing)

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Susan Ning, The Chinese MOFCOM conditionally clears in phase II a merger between two Russian companies in the Chinese potash market (Urakali / Silvinit), 2 June 2011, e-Competitions Bulletin June 2011, Art. N° 40973

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