September 11, 2017 / 8:55 PM / in 3 months

Canada competition watchdog will not challenge Agrium, Potash merger

OTTAWA (Reuters) - Canada’s competition watchdog said on Monday it will not challenge a proposed merger between Agrium Inc (AGU.TO) and Potash Corp (POT.TO), saying the transaction was unlikely to substantially lessen competition in the fertilizer industry.

    The Competition Bureau said it had issued a “no action” letter to the two companies, which announced their plan to combine last year in an all-stock merger valued at $25 billion.

    Reporting by Leah Schnurr; Editing by Sandra Maler

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