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People & Business :: M&A

PotashCorp confirms talks on possible acquisition of Israel Chemicals

10:34 AM MDT | October 31, 2012 | Ian Young

Potash Corp. of Saskatchewan (PotashCorp) says it "acknowledges" a statement made by Israel Corp. (Tel Aviv) to the Tel Aviv Stock Exchange that PotashCorp has held negotiations to increase its stake in Israel Chemicals Ltd. (ICL; Tel Aviv) in a possible deal that could lead to PotashCorp taking full control of ICL. "Discussions have occurred with Israeli government officials around potential options to increase our ownership stake in Israel Chemicals Ltd.," PotashCorp said in a statement today. "No deal has been formulated, there is no...

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