Initial Approval Given to Potash to Increase Stake in ICL

- 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.

Click here to read the full Reuters report.

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