web analytics
January 29, 2015 / 9 Shevat, 5775
 
At a Glance
News & Views
Sponsored Post


Potash Corp. Determined to Gobble Up Israel’s Giant Chemical Firm

By: JTA

The Canadian Potash fertilizer company is determined to buy Israel’s huge Israel Chemicals Ltd. (despite opposition among lawmakers and employees of the Israeli company.

Over 20 Israeli lawmakers met in Jerusalem Wednesday to discuss the issue, with some voicing strong opposition to the deal, according to Bloomberg.

“The sale of ICL to a foreign company would be abandoning residents of the Negev region and a slap in the face of every citizen of Israel,” Future (Yesh Atid) party lawmaker Meir Cohen was quoted as saying.

Potash Corp is the largest producer of the potash crop nutrient and already owns a 14 percent stake in ICL, which mines chemicals from the Dead Sea and is the world’s sixth-largest producer of potash.

Potash Corp Chief Financial Officer Wayne Brownlee has played down the protests in Israel, saying that “the opposition you’re seeing now is fear of the unknown.” He promised that Potash Corp would not cut production or layoff ICL employees.

Similar promises by other companies carrying out buy-outs frequently have been broken, and Israel Chemicals employees plan to stage protests in coming weeks to try and block the deal.

About the Author:


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

No Responses to “Potash Corp. Determined to Gobble Up Israel’s Giant Chemical Firm”

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
US State Department spokesperson Jen Psaki.
US ‘Condemns’ Hezbollah Attack on IDF
Latest News Stories
US State Department spokesperson Jen Psaki.

The US condemns Hezbollah’s attack on “IDF forces” but never mentions civilians or terror. Why not?

Canadian Foreign Minister John Baird.

Canada comes out in strong support of Israel as it faces another threat from Iranian Mideast proxy, Hezbollah.

Manot Skulls 1

Professor Israel Hershkovitz (above) of the David-Manot Cave project compares a Neanderthal skull (L) and a Homo Sapiens skull (R), outside the excavation cave in Manot, Western Galilee in Northern Israel, on January 28, 2015. Archaeologists discovered a 55,000-year-old human skull in the Manot cave, which is the earliest fossilized evidence of an anatomically modern human […]

Soldiers carry injured comrades

Five IDF soldiers are in Ziv Hospital in Tzefat…

9:31pm The Mt. Hermon ski resort on the Golan Heights will be open for business tomorrow morning — having receiving permission from the IDF. 8:03pm Channel 2 reports that Hezbollah terror cell was located 5 kilometers from Israel, and not within Israel as originally thought.Soldiers in 2nd vehicle were saved after they jumped out of […]

Prime Minister Binyamin Netanyahu announced Wednesday night that “whoever is behind today’s attack will pay the full price.”

The Gazans are protesting the freeze in the money transfer from the UN for rehabilitating their region.

Rivlin returning early to Israel from US trip due to situation in northern Israel.

The soldiers were part of an IDF convoy that was using a civilian road, one that hundreds of civilians use on a daily basis.

The GOC Northern Command declares Israel’s northern border with Syria in the Golan Heights to be a closed military zone.

The names of the IDF soldiers killed by Hezbollah at Mount Dov on Wednesday have been released for publication.

Lebanese Hezbollah supporters celebrate IDF deaths Wednesday by giving sweets to motorists.

Two IDF soldiers were killed by Iranian-backed Hezbollah in the most serious attack on Israel since the start of Syria’s civil war.

Soldiers hit in missile attack were patrolling in non-armored jeeps.

Arab brother, sister were apparently planning attack.

More Articles from JTA

More than 20 cars and buildings in a Jewish community in north London were vandalized with swastikas. The Nazi symbol was drawn on approximately 27 cars in the Osbaldeston Road area of Stoke Newington on Sunday night, The Daily Mail reported. An unnamed 32-year-old man was arrested in connection with the vandalism Tuesday. The neighborhood […]

New York State Assemblyman Dov Hikind called on the Jewish community to attend the funeral of an assassinated New York police officer. “The brave men and women of the NYPD risk their lives every day to protect us. We value them and stand with them,” Hikind, a Democrat who represents Brooklyn, said in a statement […]

“Move Jew” scrawled on a Philadelphia home and slurs written on a synagogue and 10 garages in Chicago.

The Nazis nearly destroyed the 17th synagogue.

Cuba has “the largest pool of untapped baseball talent in the world, and Major League Baseball may tap and leave Cuba dry.

Argentina’s president Christina Fernandez has accepted an official Jewish godson for the first time in the country’s history to help counter legend of death to a seventh son. She described in seven tweets her meeting with her new godson, Yair Tawil, a member of a Chabad-Lubavitch family. He was adopted as a godson under a […]

A fundraising campaign started quietly by two first graders two years ago to help find a cure for a rare genetic disease just passed the $1 million mark.

Printed from: http://www.jewishpress.com/news/breaking-news/potash-corp-determined-to-gobble-up-israels-giant-chemical-firm/2013/02/28/

Scan this QR code to visit this page online: