Russian groups try to block the PotashCorp BHP takeover
A decision on the question of whether the agreement can move forward is expected of the Canadian Government.
Phosagro said that he would like to unite with other Russian producers and buy a stake in PotashCorp to sabotage a plan from the BHP takeover.
Vladimir Litvinenko, President of Phosagro said he asked to Vladimir Putin, his close ally Russian Prime Minister to approve a move, arguing that the interests of the Russia would be game if BHP won his prolonged struggle.
"The potash market is be consolidated and so far we have been watching only", said Mr Litvinenko."If the potash from the BHP controls market, the consequences for our producers can be serious... we lose part of the market."
Mr Litvinenko said he was not talking about a full takeover."It may be a merger or a purchase of game" says .but analysts were skeptical about any potential Russian agreement.
Canadian media also reported that a representative of the indigenous peoples in Saskatchewan Group had raised $ will be used in its attempt to compete with the bid by BHP.
Ken Thomas, Chief Executive of indigenous potash (MSO) group said that foreign investors and Canadian pension funds had committed the fonds.Si Federal Government grants approval for the bid, GPI has stated that he had a lawyer based in Toronto waiting to file an application for an injunction which would oblige the Government to "consult and accommodate" Aboriginal groups developments impact on their treaty rights.
Tony Clement, Minister of industry the Canada should announce if Ottawa will allow the agreement go ahead under peu.En pursuant to the Investment, legislation which lays down the rules for foreign acquisition agreement must demonstrate "net benefit" to the Canada whether it should be approved.
Premier of Saskatchewan, Brad Wall has urged the Government to block the agreement.
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