PotashCorp and Agrium reported October 18 that India has approved their proposed merger. An Indian appellate court has approved a settlement reached between the merger parties and the Competition Commission of India (CCI). The court has directed CCI to issue a clearance order. The CCI's approval will be conditioned on the parties' commitment to divest PotashCorp's minority shareholdings in Arab Potash Co., Israel Chemicals Ltd. and Sociedad Quimica y Minera de Chile SA (SQM) within 18 months from the issuance of the order. The companies are permitted to consummate the merger prior to the divestments.
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机译:Potashcorp和Agrium报道10月18日,印度已批准其提议的合并。 印度上诉法院已批准合并缔约方和印度竞争委员会(CCI)之间达成的和解。 法院指示CCI发布清关令。 CCI的批准将在18个月内从阿拉伯化工有限公司和Sociedad Quimica y Minera de Chile Sa(SQM)签发订单后18个月内,CCI的批准。 该公司被允许在撤资之前完善合并。
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