Fertilizer companies Agrium Inc and Potash Corp of Saskatchewan Inc said on Thursday they were notified by regulators in India and China to divest Potash`s offshore interests for their merger approval.
Neither companies have a physical presence in India, but supply potash to the country through Canpotex Ltd, which they own with Mosaic Co.
The all-stock merger, valued at $25 billion, was announced in September last year and will bring together Potash`s crop nutrient production capacity, the world`s largest, with Agrium`s farm retail network, North America`s biggest.
The deal is now expected to close in the fourth quarter of 2017, the companies said.
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