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Case

Methanex Acquisition of OCI Global

Analysis Group was retained on behalf of Methanex Corporation, a large Canadian producer and distributor of methanol, in connection with its planned acquisition of OCI Global’s international methanol business operations in the US and the Netherlands.

An Analysis Group team led by Managing Principals Rebecca Kirk Fair and Joshua White, Vice President David Toniatti, and Managers Cecilia Caliandro, Kristina Komissarova, Jason Ma, and Zsolt Udvari conducted economic analyses and an antitrust evaluation in support of Methanex’s submissions to regulators in the US, UK, and EU. The team examined production capacity, global pricing, transportation costs, and market entry and exit to address questions related to potential market concentration and competitive effects resulting from the planned acquisition.

Following an investigation by the Federal Trade Commission (FTC), the merger was cleared in the US without any divestitures. The deal was also cleared without remedies at Phase 1 by DG Comp and closed in June 2025.

Associated People

Cecilia Caliandro

Cecilia Caliandro

Manager

Ms. Caliandro specializes in the application of economics and statistics to questions arising in the context of mergers and litigation. She has particular expertise working on mergers, which has involved supporting French and Italian companies in numerous transactions before the European Commission and the French Competition Authority. Her work spans various industries, including utilities, fashion, and food. In litigations, she has analyzed commercial practices and estimated damages in several disputes in the online advertising, energy, telecommunication, and ride-sharing industries, among others. Prior to joining Analysis Group, Ms. Caliandro was a policy analyst at the Organisation for Economic Co-operation and Development (OECD), where she contributed research to various publications on the impact of foreign direct investment and the challenges of statistical measurement of multinational corporations’ activity.

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Zsolt Udvari

Zsolt Udvari

Manager

Dr. Udvari specializes in applying economic theory and econometrics to antitrust and litigation matters. His expertise lies particularly in assessing abuse of dominance within the digital domain using both established and novel economic theories and empirical analyses. He also has experience in merger assessment, litigation, and state aid matters. Beyond the digital sector, Dr. Udvari’s industry insights extend to retail fuel, telecommunications, chemicals, card payment systems, airlines, and various other sectors. His experience includes high-profile cases before the European Commission such as the MOL/OMV Slovenija Phase II merger and Slack’s complaint against Microsoft Teams. Prior to joining Analysis Group, Dr. Udvari worked for a Brussels-based economic consultancy and was a postdoctoral researcher and lecturer at the Université Libre de Bruxelles.

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Joshua White

Joshua White

Managing Principal

Mr White is a consulting and testifying economist who specialises in applying microeconomics and sophisticated econometric modelling to complex litigation and merger-related questions, primarily in matters involving the health care, financial services and technology industries. He has supported clients in various jurisdictions and industries in follow-on competition damages litigation, assessing overcharge, upstream and downstream pass-on and volume effects. He has served as a testifying expert in the UK Upper Tribunal (Lands Chamber), the UK Competition Appeal Tribunal and the Amsterdam District Court on competition cases.

Mr White has supported high-profile companies with complex merger reviews across multiple jurisdictions, including in the Veolia/Suez, LVMH/Tiffany, Sika/MBCC and Eutelsat/OneWeb mergers. He has also provided evidence to the UK’s Competition and Markets Authority (CMA) and the European Commission (EC), including on behalf of clients involved in cartel investigations, abuse of dominance investigations and mergers. Mr White has also provided support to European financial and competition regulators in coordinated conduct investigations.

Mr White has extensive experience addressing competition and intellectual property (IP) issues in matters related to cutting-edge pharmaceutical products and FRAND licensing questions. As part of this work, he has supported a number of scientific and technical experts in front of courts and regulatory bodies. He also regularly supports pharmaceutical clients on competition issues around market access, pricing, denigration and competition from generic manufacturers.

Mr White has worked in a number of jurisdictions, including the UK, the European Union, Switzerland, Australia, New Zealand, South Africa, Canada, Japan, Korea, the Netherlands, Belgium and the US. His writing has been published in an array of journals, including the Journal of European Competition Law & Practice, the Competition Law Journal and the Journal of Antitrust Enforcement, and he regularly speaks at international competition law and policy conferences.

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