16 April 1999
Israel Chemicals ‘not for sale’

ISRAEL Corporation has denied it opened talks over the sale of a stake of its Israel Chemicals subsidiary to the Potash Corporation of Saskatchewan (PCS), the worlds largest fertiliser producer.

One report in an Israeli newspaper said the two groups were negotiating a $300 million (£187m) share swap that would give PCS up to a 30% stake in ICL, Israels biggest chemicals company.

  • Financial Times 16/04/99 page 24 (News Digest)