Potash Corporation of Saskatchewan and Agrium have announced unconditional regulatory approval from the Canadian competition bureau for the proposed merger of equals.
The competition bureau has concluded the proposed merger is not likely to lead to a substantial lessening or prevention of competition in potash fertilizer, phosphate fertilizers and nitric acid.
The bureau found global prices of potash matches with prices in Canada and that customers can source potash from multiple suppliers.
The companies previously received unconditional clearance for the merger in both Brazil and Russia.
The regulatory review and approval process continues in the U.S., China and India and the merger is expected to close by the end of the fourth quarter of 2017.
The new company will be named Nutrien and will be the largest global provider of crop inputs and services.
Potash corporation is the world’s largest crop nutrient company and plays an integral role in global food production.
Agrium is a major global producer and distributor of farm products, services and solutions.