
The European Commission has cleared the acquisition of Kemira GrowHow by Yara at Phase I, subject to commitments in relation to certain industrial chemical products and fertilizer distribution activities. Yara and Kemira GrowHow are Europe's two largest nitrogen-based fertilizer manufacturers. CRA International provided economic advice to the parties, focusing on market definition issues in fertilizer. The Commission concluded that both geographic and product markets were wide, resulting in no requirements for remedies in relation to the manufacture of fertilizers. The CRA International team included Cristina Caffarra, Diana Jackson, Ian Small, and Dan Donath.