The Russian Potash Deal - first conditional clearance of 2011

On June 2, 2011, Ministry of Commerce (MOFCOM) publicly announced the first conditional merger clearance in 2011. At its [2011] No. 33 Announcement, MOFCOM cleared Uralkali's proposed acquisition of Silvinit (the Parties) (both potash producers based in Russia) with conditions.  This is the 7th conditional merger clearance since the enactment of the Anti-monopoly Law (AML) in 2008.   MOFCOM is obliged by statute to publish conditional clearances. 

The following are the salient points to note vis-à-vis this conditional clearance:

• MOFCOM officially accepted the Parties' merger control submission on 14 March 2011.  This filing entered into Phase 2 review on 12 April 2011.  MOFCOM decided to clear this transaction with conditions on 2 June 2011.