Potash Corp withdraws plan to increase stake in ICL
Jun. 12, 2012
"The application was taking a long time so we withdrew it,” Bill Johnson, a spokesman for the Canadian company, said in an interview. The Saskatoon, Canada-based fertilizer company applied in December to Israel’s Ministry of Finance to raise its stake.
Israeli Finance Ministry spokesman Boaz Stembler declined to comment. A spokeswoman for the Antitrust Authority, Noa Zvi, declined to comment.
Potash will “evaluate options going forward,” Johnson said, regarding the company’s future acquisition strategy.
Israeli newspaper Ma’ariv reported the decision without saying where it got the information.
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