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Shardul Amarchand Mangaldas & Co. (SAM & Co.)

Shardul Amarchand Mangaldas Advises Agrium and PotashCorp on CCI Approval of their USD 36 Billion Global Merger

Nov 08, 2017   17:45 IST 
New Delhi | Mumbai, Maharashtra, India

Shardul Amarchand Mangaldas advised Agrium Inc. (Agrium) and Potash Corporation of Saskatchewan, Inc. (PotashCorp) in obtaining approval from the Competition Commission of India (CCI) on the USD 36 billion merger of Agrium and PotashCorp. PotashCorp is the world’s largest fertilizer company by capacity and Agrium is a major global producer and distributor of agricultural products, services and solutions. The global merger would create a new company (Nutrien) which would be the largest global provider of crop inputs and services.


The Competition Law team of Shardul Amarchand Mangaldas provided legal and strategic advice for securing approval to the proposed merger from CCI. As a part of the approval process, an appeal was filed before the National Company Law Appellate Tribunal (NCLAT), which was the first ever appeal to a modification proposal of the CCI. The Firm was successful in securing a final order from the NCLAT, approving a revised modification proposal.


The team was led by Mrs. Pallavi Shroff, Managing Partner and National Practice Head – Dispute Resolution. The Competition Law team which secured the approval from the CCI approval and final order from the NCLAT was led by Mr. Harman Singh Sandhu, Partner; and included Mr. Yaman Verma, Principal Associate, Mr. Prateek Bhattacharya, Senior Associate, Ms. Gauri Mehta, Associate. Mr. Anuj Berry, Partner and Ms. Binsy Susan, Partner of the Dispute Resolution team of Shardul Amarchand Mangaldas provided inputs in relation to litigation aspects.


The deal was signed on 11th September 2016 and is in the process of getting all regulatory approvals.


About Shardul Amarchand Mangaldas & Co.

Shardul Amarchand Mangaldas & Co. (SAM & Co.), founded on almost a century of legal achievement, is one of India’s leading full-service law firms. The firm’s mission is to enable business by providing solutions as trusted advisers through excellence, responsiveness, innovation and collaboration. SAM & Co. is known globally for its exceptional practices in mergers & acquisitions, private equity, competition law, insolvency & bankruptcy, dispute resolution, capital markets, banking & finance and projects & infrastructure.


We have a pan-India presence and we have been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporates on their entry into the Indian market and their business strategy. Currently, the Firm has over 521 lawyers, including 103 Partners, offering legal services through its offices at New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru and Chennai.

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