EGYPT

Israel Chemicals Second-Quarter Profits Soar
Israel Chemicals Ltd. (ICL; Tel Aviv) has reported a 445% increase in net profits to $703.2 million for the second quarter ended June 30. And sales for the period increased by 116% to $2.07 billion. The rise in sales was driven by ICL Fertilizers business...

Agrium to Sell Egypt JV Stake; Acquires Share in Mopco
Agrium says it has entered into an agreement to sell its 60% stake in EAgrium, a previously announced $1.4-billion fertilizer joint venture project at Ras el-Bar, Damietta, Egypt, to Misr Oil Processing Co. (Mopco; Cairo). Agrium will take a 26% equity...

Sun Pharma Gets U.S. FTC Approval for Taro Tender Offer
Sun Pharmaceutical Industries (Mumbai) says the U.S. Federal Trade Commission (FTC; Washington DC) has given clearance for the previously announced tender offer by Alkaloida Chemical Company Exclusive Group (Tiszavasvari, Hungary), a subsidiary of...

Agrium Sells Egyptian Fertilizer Project to Mopco; Takes 26% Stake in Mopco
Agrium says it has entered into an agreement to sell EAgrium, a previously announced $1.4-billion fertilizer project at Ras el-Bar, Damietta, Egypt, to Misr Oil Processing Co. (Mopco; Cairo) in exchange for a 26% equity interest in the combined entity...

Agrium’s Planned Complex in Egypt May Be Relocated
Discussions between the Egyptian government and Agrium to resolve a dispute over the construction of a previously announced fertilizer complex at Ras el-Barr, Damietta, Egypt, focus on three possible solutions, local reports say. Agrium has a 60% stake in...

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