The Chinese MOFCOM conditionally clears merger between two Russian companies in the Chinese potash market (Uralkali / Silvinit)

MOFCOM Conditionally Approves the Acquisition of Silvinit by Uralkali* On 2 June 2011, the MOFCOM conditionally approved Uralkali’s proposed US$1.4 billion acquisition of Silvinit, both of which are Russian potash companies. The MOFCOM imposed a set of behavioural remedies. The MOFCOM accepted the notification and commenced its preliminary review on 14 March 2011, began further review on 12 April 2011, and approved the transaction on 2 June 2011. During the review, the MOFCOM solicited comments

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