Potash Corp confirms reports of its interest in Israel's ICL

Wed Oct 31, 2012 10:25am EDT
 
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TORONTO (Reuters) - Potash Corp of Saskatchewan (POT.TO: Quote) acknowledged on Wednesday that it has held talks with Israeli government officials around potentially increasing its ownership stake in Israel Chemical Ltd (ICL) ICL.TA.

The world's largest fertilizer company issued a statement on the matter after ICL's majority shareholder, Israel Corp Ltd ILCO.TA, in a regulatory filing confirmed media reports of these discussions.

In a brief statement, Potash Corp said: "No deal has been formulated; there is no assurance that a deal will be reached, or that parties will sign an agreement."

The Saskatoon, Saskatchewan-based fertilizer maker said it does not intend to comment further on this matter at this time. (Reporting by Euan Rocha; Editing by Gerald E. McCormick)

 
Potash Corp's head office in Saskatoon is pictured on November 3, 2010. REUTERS/David Stobbe