Potash Corp of Canada wants to purchase at least majority control of ICL Israel Chemicals Ltd and sees local opposition to its approach as based on unfounded fears, Potash's chief financial officer said on Tuesday.Potash, the world's largest producer of its namesake crop nutrient by capacity, is aiming to boost its 14 percent stake to at least 51 percent and preferably 100 percent of ICL, the world's sixth-largest potash producer."The opposition you're seeing now is fear of the unknown," CFO Wayne Brownlee said in remarks at BMO Capital Markets Global Metals & Mining conference in Hollywood, Florida, that were distributed via webcast.The largest shareholder in ICL is the conglomerate Israel Corporation Ltd, which owns more than 52 percent, according to Thomson Reuters data. The Israeli government holds a golden share in ICL, giving it the authority to decide on any potential takeover of the company.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.33% or $0.1/share to $30.10. In the past year, the shares have traded as low as $26.20 and as high as $31.18. On average, 851410 shares of TRI exchange hands on a given day and today's volume is recorded at 95654.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.1% or $0.03/share to $30.93. In the past year, the shares have traded as low as $26.65 and as high as $31.57. On average, 923227 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 41837.
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