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May 28, 2017

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PotashCorp holds talks with Israel on stake options for chemical firm

SASKATOON, Saskatchewan -- Potash Corporation of Saskatchewan Inc. said Wednesday it has held talks with Israeli government officials about potential options to increase its ownership stake in Israel Chemical Ltd.

Potash Corp., which controls more than 25 percent of the world's supply of potash, said in a statement that no deal has been formulated and there is no assurance that a deal will be reached.

Israel Corp. filed a disclosure document on the Tel Aviv Stock Exchange saying that it is aware Potash has held talks with various government officials, including Israel's prime minister about the possibility of "integration" with ICL.

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