<h1>Merger approval: competition regulator clears amalgamation of two fertilizer companies and related share acquisition transaction.</h1> The Competition Commission of India approved a corporate combination comprising the amalgamation of Mangalore Chemicals & Fertilizers Limited into Paradeep Phosphates Limited on a going concern basis, together with the acquisition by Zuari Maroc Phosphates Private Limited of a block of equity shares in Mangalore Chemicals & Fertilizers Limited from Zuari Agro Chemicals Ltd; the parties are group-related and ZMPPL is a fifty-fifty joint venture between Zuari Agro Chemicals Ltd and OCP S.A.