Potash Corp confirms reports of its interest in Israel's ICL
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: Quote), 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)
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