ICL Shares Drop on PotashCorp News

Israel Chemical Ltd. shares fell sharply on Sunday, Sept. 10, on the Tel Aviv Stock Exchange in response to reports that Potash Corp. of Saskatchewan Inc. will have to sell its minority stake in ICL in order to obtain Chinese and Indian government approval for its planned merger with Agrium Inc.  ICL share price partially recovered on Monday.  PotashCorp has a 14 percent stake in ICL.  The Canadian company also holds minority stakes in China’s Sinofert, Chile’s SQM and Jordan’s Arab Potash Co.