Wednesday, September 1, 2010

China may probe BHP's bid for Potash: report

The consequence of an economic battlefield, battle for resources and control, that not only knows no boundaries but also allegiances.

China may launch an antimonopoly probe into BHP Billiton's $39 billion bid for Canada's Potash Corp, the China Business News said on Wednesday, citing a source familiar with the matter.

China will also review the merger of two Russian potash firms -- Uralkali and Silvinit -- given the major impact the two deals would have on China, the paper cited the unnamed source as saying.

Source: finance.yahoo.com

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