Israel Chemicals Buys Remaining Stake in Nutrisi

Reuters reported that Israel Chemicals (TLV:ICL) has purchased the remaining stake in Nutrisi Holdings and now owns 100% of the company.

As quoted in the market news:

ICL, the world’s sixth-largest producer of potash, said the deal was another step in its strategy to become a major global specialty chemicals player. ICL noted that the specialty chemicals sector is key to its growth since the market is growing at an annual rate of 5-8 percent, double that of conventional fertilisers.

Click here to read the full Reuters report.