The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content



Potash designs on Israeli producer unlikely to bear fruit

ROB Insight is a premium commentary product offering rapid analysis of business and economic news, corporate strategy and policy, published throughout the business day. Visit the ROB Insight homepage for analysis available only to subscribers.

Potash Corp. of Saskatchewan Inc. would love to buy a control stake of ICL Israel Chemicals Ltd. – it owns 13.8 per cent and has long coveted more – but knows it faces a tough fight. At an investor conference on Tuesday, Potash chief financial officer Wayne Brownlee dismissed opposition in Israel to such a potential deal as “fear of the unknown.”