Potash Corp. of Saskatchewan has been aiming to acquire at least majority share of ICL Israel Chemicals Ltd. to increase its 14 percent stake, according to its chief financial officer Wayne Brownlee revealing at the BMO Capital Markets Global Metals & Mining conference held in Hollywood, Florida.
Potash Corp., also referred to as PotashCorp., has been in the move to boost its stake at ICL Israel, the 6th largest potash producer in the world to 100% or at least 51%, citing people familiar with the matter.
PotashCorp., based in Saskatoon, Sasketchewan, is the largest producer of Potash and the third largest nitrogen and phosphate producer in the world, producing 20% global supply of potash.
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