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Potash Corp. Looking for Bigger Stake in Israel Chemicals
Dec. 19, 2011 09:41AM PST
Potash InvestingReuters reported that Potash Corp. (NYSE:POT) is asking for approval to increase its stake in Israel Chemicals (TLV:ICL) to 25%.
Reuters reported that Potash Corp. (NYSE:POT) is asking for approval to increase its stake in Israel Chemicals (TLV:ICL) to 25%.
As quoted in the market news:
Potash, the world’s largest fertiliser manufacturer, holds 13.9 percent of ICL’s shares valued on the market at 6.5 billion shekels ($1.7 billion). An 11.1 percent stake has a market value of about 5.23 billion shekels.
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