PotashCorp in Talks to Increase Stake in Israel Chemical Ltd

Oct. 31, 2012 08:21AM PST

Canadian Business reported that PotashCorp is in engaging in talks with Israeli government officials to increase its stake in Israel Chemical Ltd, which has an annual production capacity of six million tonnes of potash.

As quoted in the market report:

It declined further comment but news reports say it could cost $13.5 billion for PotashCorp to increase its minority stake in Israel Chemical to 100 per cent.

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