web analytics
May 24, 2015 / 6 Sivan, 5775
At a Glance
News & Views
Sponsored Post


Potash Corp. Gives Up on Bid to Buy Out Israel Chemicals

Canadian fertilizer giant Potash Corp. has given up on its $15 billion offer to buy Israel Chemicals following strong opposition in Israel, where fears also were raised that Potash would move some local production to Jordan.

Potash, which already has a 14 percent stake in Israeli Chemicals, stated that although it maintains that the proposed purchase would be to Israel’s benefit, “There must be receptivity to foreign investment and certainty in the rules that govern such investment. Now is not the time to pursue this opportunity.”

Finance Minister Yair Lapid strongly opposed the takeover move of Israel Chemicals, which employees approximately 5,000 people at its Negev facilities, including the Dead Sea Works.

Potash also owns 28 percent of Arab Potash, and a takeover of Israel Chemicals might have been followed by moving some production to Jordan at the cost of Israeli jobs.

One Israel source, quoted by the Globes business website, said, “The atmosphere in Israel rejects foreign investors. There is hostility towards tycoons, especially those profiting from natural resources.”

About the Author: JewishPress.com brings you the latest in Jewish news from around the world. Stay up to date by following up on Facebook and Twitter. Do you have something noteworthy to report? Submit your news story to us here.


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. Gives Up on Bid to Buy Out Israel Chemicals”

Comments are closed.

Current Top Story
Sha'ar Shechem / Damascus Gate. The Old City of Jerusalem.
Arab Stabs 2 Jewish Teens in Old City Terror Attack on Shavuot
Latest News Stories
Hassan Nasrallah Alive

Hezbollah terror chief Hassan Nasrallah is getting very scared of Islamic State’s advances.

One of the Molotov Cocktails thrown at the Beit Orot Yeshiva in Jerusalem. (June 16, 2014)

Between June 2014 and April 2015, the suspects habitually hurled rocks and firebombs into a number of Jewish-owned homes and facilities in A-Tur.

Nobel Prize winner John Nash (86) and his wide Alicia Nash (82) were killed in a car crash on Saturday night in New Jersey.

The boys were heading to a Shavuot study session when they were attacked by the Arab terrorist.

Remarks by the President on Jewish American Heritage Month – May 22, 2015

At the ninth hour, Chabad of Dead Sea whipped together sheva brochot in 2 hours for a newly wedded tourist couple — out of nowhere.

Israel finally has a Foreign Minister who is not ashamed to say the word “God.”

An Arab language website sent a reporter, dressed as a Jew, to the streets of Cairo.

Eight years ago, an Israeli rancher from Moshav Zippori in the Lower Galilee region reached a breaking point. Thieves and marauders had been targeting Chaim Zilberman’s sprawling ranch; his land was burnt black and cattle fences cut down. On the verge of bankruptcy, the rancher told his family during a Friday Shabbat dinner one night […]

Scotland Yard said it cannot prevent the upcoming neo-Nazi march that is planned for July 4th.

A store in Rafah, Gaza displays women’s Islamic head coverings for sale.

A State Dept. official is in Israel to talk about making the region nuclear-free.

The highway at the property is a favorite spot for PA Arabs to try to throw

Prime Minister Benjamin Netanyahu annual medical report  as written by his personal physician, Dr. Tzvi Berkovitz, states, “Blood tests were completely normal including those for sugar, cholesterol and fats. The Prime Minister’s blood pressure was normal (120/80), aided by light medication.” The reports notes that “Prime Minister Netanyahu trains several times a week at a […]

More Articles from Jewish Press News Briefs
Hassan Nasrallah Alive

Hezbollah terror chief Hassan Nasrallah is getting very scared of Islamic State’s advances.

Nobel Prize winner John Nash (86) and his wide Alicia Nash (82) were killed in a car crash on Saturday night in New Jersey.

The boys were heading to a Shavuot study session when they were attacked by the Arab terrorist.

Remarks by the President on Jewish American Heritage Month – May 22, 2015

Scotland Yard said it cannot prevent the upcoming neo-Nazi march that is planned for July 4th.

The Arab terrorist’s neighbors gathered to greet and cheer the return of the terrorist’s body.

Printed from: http://www.jewishpress.com/news/breaking-news/potash-corp-gives-up-on-bid-to-buy-out-israel-chemicals/2013/04/25/

Scan this QR code to visit this page online: