Deals
Potash Chasing Russia as No. 1 in Israel Deal: Corporate Canada
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Potash Corp. of Saskatchewan Inc.’s proposed purchase of Israel Chemicals Ltd. would give it control of about 25 percent of global potash production capacity, making it the biggest producer and boosting sales to China and India.
Israeli Prime Minister Benjamin Netanyahu said yesterday he’s met with Potash Corp. Chief Executive Officer Bill Doyle and that talks about a sale to the Canadian company are continuing. The 86 percent of Tel Aviv-based Israel Chemicals that Potash Corp. doesn’t already own had a market value of about 53.2 billion shekels ($13.7 billion) as of yesterday, which would make it the largest agricultural chemical deal, according to data compiled by Bloomberg.