“Potash Corp. of Saskatchewan Inc., the world’s largest fertilizer producer by market value, is in talks with the Israeli government to merge with Israel Chemicals Ltd. (ICL) in a deal that may be valued at $13.5 billion.
Executives of the Saskatoon, Saskatchewan-based company have held talks with Prime Minister Benjamin Netanyahu and met with government agencies about a “possible merger,”Israel Corp., (ILCO) the biggest shareholder in Israel Chemicals, said in a statement to the Tel-Aviv Stock Exchange today. Calcalist reported earlier that Potash Corp. is seeking permission to buy 100 percent of Israel Chemicals, which has a market value of 61 billion shekels ($15.7 billion).”
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