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Israel: Potash/ICL merger will not advance, says Finance Ministry

By  |  November 2, 2012
Israel: Potash/ICL merger will not advance, says Finance Ministry

A previously-reported chance of an acquisition of Israel Chemicals (ICL) by Potash Corp will not be fulfilled, says the Finance Ministry. In a statement made Thursday, the ministry stated “professional reservation” for the decision not to review the deal. The Finance Ministry is just one governing body Potash Corp would have to go through to get permission for the deal; the other two are the Antitrust Authority, and the prime minister, who Potash had contacted earlier. The deal would have increased Potash’s stake in ICL to 13.84 percent.

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    Full Content: Reuters

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