Potash Corp in talks to merge with Israel Chemicals

Wed Oct 31, 2012 4:21am EDT
 
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JERUSALEM Oct 31 (Reuters) - Potash Corp, the world's largest fertiliser maker, is in talks with Israel's government to merge with its smaller rival Israel Chemicals (ICL), ICL's parent company said on Wednesday.

"The company confirms it is aware that Canada's Potash is in talks with various government agencies that included a meeting with the prime minister regarding examining the possibility of merging ICL with Potash," Israel Corp said in a statement to the Tel Aviv Stock Exchange.

Potash already holds 13.84 percent of ICL - the world's sixth-largest potash maker - while conglomerate Israel Corp owns 52.3 percent.