The Chinese MOFCOM approves merger between potash producers but requires they continue to supply the Chinese market (Uralkali / Silvinit)

On June 2, 2011, the Chinese Ministry of Commerce (MOFCOM) announced conditional approval of the merger between Russian potash producers Silvinit and Uralkali. Since the PRC Anti-Monopoly Law ("AML") entered into force in 2008, MOFCOM has published only eight decisions, as it makes public only prohibition decisions and decisions imposing remedies. As of the end of 2010, MOFCOM had reviewed 189 concentrations under the AML. This new decision confirms that, even in global markets, MOFCOM will ensure that a concentration does not adversely affect Chinese buyers, particularly where it involves products that are essential for China's economic development. Review process MOFCOM moved quickly in this case. It received Uralkali's initial merger filing on March 14, 2011. On April 12, MOFCOM

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Peter J. Wang, Sébastien J. Evrard, Yizhe Zhang, The Chinese MOFCOM approves merger between potash producers but requires they continue to supply the Chinese market (Uralkali / Silvinit), 2 juin 2011, e-Competitions June 2011, Art. N° 50110

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