September 11, 2017 / 9:25 PM / a year ago

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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