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Israel Chemicals Ltd.'s parent mulls split into two companies

11:52 AM MDT | June 26, 2013 | Francinia Protti-Alvarez

Israel Corp. (Tel Aviv), the parent of Israel Chemicals Ltd. (ICL; Tel Aviv), is examining plans to split its assets into two companies, Israel Corp. announced in a statement today, quoted in various media reports. Israel Corp.'s chemical and refinery assets, mainly ICL, would be split from the group's nonchemical assets, under the announced plans. The separation process, if approved, is expected to be completed within 6–12 months.   Family-controlled Israel Corp. would continue to own ICL and Oil Refineries Ltd., Israel's largest refinery, the...

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