Industry Canada

Industry Canada

October 04, 2010 15:53 ET

Minister of Industry Clement Statement on BHP Billiton's Proposed Acquisition of PotashCorp

OTTAWA, ONTARIO--(Marketwire - Oct. 4, 2010) - Today, the Honourable Tony Clement, Minister of Industry, made the following statement regarding BHP Billiton's proposal to acquire PotashCorp:

"Under the provisions of the Investment Canada Act, as Minister of Industry I can extend by 30 days the initial 45 day period for making my determination regarding a proposed foreign investment in a Canadian business.

"I have extended the timeline for making my determination of BHP Billiton's proposed acquisition of PotashCorp.

"I will take the time necessary to do a thorough review of this investment proposal."

Contact Information

  • Office of the Honourable Tony Clement
    Minister of Industry
    Lynn Meahan - Press Secretary
    Industry Canada
    Media Relations