Potash Corp Drops Plans for Israel Chemicals Investment

Bloomberg reported that Potash Corp. (NYSE:POT) withdrew its proposal for an increased stake in Israel Chemicals (TLV:ICL).

As quoted in the market news:

The application was taking a long time so we withdrew it,” Bill Johnson, a spokesman for the Canadian company, said today in an interview. The Saskatoon, Canada-based fertilizer company applied in December to Israel’s Ministry of Finance to raise its stake.

Click here to read the full Bloomberg report.