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Israel: Potash looks to PM to support world’s largest foreign buyout of Israeli company

By  |  November 1, 2012
Israel: Potash looks to PM to support world’s largest foreign buyout of Israeli company

Potash Corp has gone straight to Israel’s Prime Minister Benjamin Netanyahu to back the world’s leading fertilizer company’s efforts to buy Israel Chemicals Ltd. The deal would mark the globe’s largest foreign takeover of an Israeli company, according to Reuters. In response, local reports say PM Netanyahu has introduced the idea to the finance ministry for review. The finance ministry, however, has said it has not yet received a formal request from Potash, who already has a 13.84 percent stake in Israel Chemicals Ltd.

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