Initial Approval Given to Potash to Increase Stake in ICL
Investing News Network - December 22nd, 2011
Reuters reported that the Israeli government has given initial approval to Potash Corp. (NYSE:POT) to increase its stake in Israel Chemicals (TLV:ICL) to 25%.
Reuters reported that the Israeli government has given initial approval to Potash Corp. (NYSE:POT) to increase its stake in Israel Chemicals (TLV:ICL) to 25%.
As quoted in the market news:
A spokeswoman for Israel’s Anti-Trust Authority said general director David Gilo was checking the proposed deal and a decision would be made soon. The finance ministry would then give final approval to Potash.