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2010.11.0114:49:00UTC+00Canadian Industry Minister Promises to Announce Decision on Potash Bid As Soon As Possible

News:

  • Industry minister Tony Clement confirmed on Monday that Canada targets to reach a decision on approving or blocking the BHP Billiton's $39 bln takeover bid for Potash Corp as soon as possible.
  • Clement needs to judge whether the deal leads to "net benefit" of Canada or not, according to Ottawa's foreign investment laws, and is the last stages of taking the decision.

Background:

  • Last week, Clement said to deliver a decision on the deal by midnight of Wednesday Nov. 3

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