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Israel Chemicals parent mulls split into two companies

1:09 PM MDT | June 28, 2013 | —Francinia Protti-Alvarez

Israel Corp. (Tel Aviv), the parent of Israel Chemicals (ICL; Tel Aviv), is examining plans to split its assets into two companies, Israel Corp. said in a statement last week. 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 reports say. These assets are by...

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