Shares of Israel Chemicals plunge after China buys stake in Russian competitor
Chinese acquisition of Russian potash producer Uralkali seen as threat to other mineral exporters, including ICL.
Shares of Israel Chemicals fell as much as 5% on the Tel Aviv Stock Exchange on Tuesday after China Investment Corp. took a stake in Russian potash producer Uralkali, in a deal that could undermine efforts to restore both the global potash cartel and Israel Chemicals’ exports to China.
The deal was done amid speculation that tycoon Suleiman Kerimov might sell...
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