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

Wed Oct 31, 2012 10:25am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

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: Quote).

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)

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