US EditionICL Plunges on Dead Sea Minerals Concession Compromise
3 Articles
3 Articles
After the Treasury Department's announcement about the company owned by Idan Ofer's agreement to the state for compensation, in the event that the company loses the tender for potash mining in the Dead Sea, the stock fell by 15% on the stock exchange. • Sources close to the company: The agreements are intended to provide certainty to investors, we have not lost another tender, and in any case, this is just one of our activities among several.
ICL will waive its veto on the transfer of Dead Sea mineral development for NIS 8 billion – The Observatorial
ICL (formerly Chemicallim Le-Israel) and the Treasury Department’s Office of the Auditor General have agreed to end the company’s Dead Sea mineral concession, which is due to expire in 2030. As part of the agreements, the company agreed to waive its veto power during the tender procedure and pledged not to object to the ministry’s […]
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