Real reason for Stefan Borgas’ departure may have been a dispute with ICL’s controlling shareholder.
Stefan Borgas said to be in talks with ChemChina, Swiss company’s new controller shareholder.
Sides reach settlement after government sought as much as 930 million shekels from estate
Profits of ICL, which has exclusive permits to extract minerals from the Dead Sea, boosted by higher potash sales, cost cutting measures and lower financing expenses.
On the line with former Finance Minister and former Arad Mayor Avraham Shochat, who may have flip-flopped on the issue of phosphate mining after serving on the board of Israel Chemicals Ltd.
Company vows to fight Sheshinski recommendations, which call for windfall profits tax.
Sapiens plans $80 million stock offering; Kamada contract with Baxalta to ensure $50m in extra revenues; Tel Aviv shares power higher.
The lesson of Israel Chemicals is that when it comes to Israel’s natural resources, privatization may not be the best policy.
Agency blames lower oil prices and strike at Israel Chemicals.
ICL, which has exclusive permits to extract minerals from the Dead Sea, says it earned $75 million in the second quarter, compared with $68 million a year earlier.