ICL Reacts to PCS Decision Regarding Potential Merger
TEL AVIV, Israel, April 25, 2013
TEL AVIV, Israel, April 25, 2013 /PRNewswire/ --
ICL (TASE:ICL), a multinational fertilizer and specialty chemicals company,
today reacted to the announcement by Potash Corp. ("PCS") that it no longer
intends to pursue a merger with ICL.
At no time did ICL receive a proposal or offer regarding a merger transaction,
nor was it in any way involved in any discussions with PCS regarding such a
ICL believes that global partnerships with strong players, such as PCS, are a
welcome strategic alternative for ICL, but that they are only one possible
option to ensure the continued growth and success of ICL.
ICL is a strong company with an attractive future in all its businesses,
including fertilizers. In the potash market, ICL is a medium size, low cost
producer, and by no means dependent on other players in the market. Each of
ICL's three production sites are globally competitive and have attractive
As communicated several months ago, ICL continues to focus its strategy on
addressing the world's essential core needs: Food, Agriculture, Materials and
Energy. ICL is currently working on a detailed plan to develop these core
markets thereby significantly increasing its growth.
ICL is one of the world's leading fertilizer and specialty chemicals
companies. For a world challenged by population growth and scarce resources,
ICL makes products that increase global food and water supplies and improve
industrial materials and processes.
ICL produces approximately a third of the world's bromine and is the 6^th
largest potash producer in the world. ICL is a leading supplier of fertilizers
in Europe and a major player in specialty fertilizer market segments.One of
the world's most integrated manufacturers and suppliers of phosphate products,
ICL has become the world's leading provider of pure phosphoric acid and a
major specialty phosphate player.
ICL is comprised of three core segments: ICL Fertilizers, ICL Industrial
Products and ICL Performance Products. Its major production activities are
located in Israel, Europe, the US, South America and China, and are supported
by major global marketing and logistics networks. ICL benefits from exclusive
concessions to extract minerals from Israel's Dead Sea, a vast source of
high-quality and low-cost potash, bromine, magnesium chloride and sodium
chloride. ICL also mines phosphate rock from Israel's Negev Desert and potash
and salt from its mines in Spain and the UK.
ICL's shares are traded on the Tel Aviv Stock Exchange (TASE: ICL).
Fleisher Communications and Public Relations
SOURCE ICL - Israel Chemicals Ltd
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