■ India

On 30 July, the Competition Commission of India approved the proposed amalgamation of Mangalore Chemicals and Fertilizers Limited (MCFL) with Paradeep Phosphates Limited (PPL) on a going concern basis and the acquisition of equity shares in MCFL by Zuari Maroc Phosphates Private Limited (ZMPPL) that deals in fertilizers trading.

 

Note: Paradeep Phosphates Limited (PPL) is a member of the Adventz Group. ZMPPL holds a majority stake of 56% in PPL. ZMPPL is a 50/50 joint venture between Zuari Agro Chemicals (ZACL), a company of the Adventz Group, and OCP Group (OCP). PPL produces around 2.6 million t of DAP and NPK, around 1.39 million t of sulphuric acid, 300,000 t of phosphoric acid, 230,000 t of ammonia and 400,000 t of urea annually.

 

Mangalore Chemicals and Fertilizers Limited (MCFL) is also an Adventz Group company. Its majority shareholder with a 54.03% interest is ZACL. Reminder: MCFL makes about 217,800 t of ammonia, 379,500 t of urea, 280,000 t of DAP and NP(S) 20:20(13), 33,000 t of sulphuric acid and 22,000 t of specialty fertilizers per year.