http://www.businessweek.com/news/2013-04-09/canada-s-baird-to-meet-with-israel-finance-minister-lapid

Bloomberg News

Canada’s Baird to Meet With Israel Finance Minister Lapid

April 09, 2013

Canadian Foreign Affairs Minister John Baird will meet today with Israeli Finance Minister Yair Lapid as Potash Corp. of Saskatchewan Inc. seeks a takeover of Israel Chemicals Ltd. (ICL)

Baird’s meeting was confirmed by Israel’s Finance Ministry in an e-mail. Baird met with Israel Corp. Chairman Amir Elstein at a restaurant yesterday in Tel Aviv, daily newspaper Calcalist reported. Israel Corp. holds a 52 percent stake in ICL, according to data compiled by Bloomberg.

“He will try to soften the opposition in the government to the deal,” Richard Gussow, an analyst at DS Securities & Investments said today by phone, referring to Baird. “It is obvious he is here also to do public relations for the Potash- ICL deal.”

The acquisition of ICL, the nation’s second-largest publicly traded company, has sparked opposition from ICL workers and politicians including Lapid. Potash Corp., a Canadian company, held talks in October with the Israeli government about raising its stake in ICL from 14 percent.

To contact the reporters on this story: Alisa Odenheimer in Jerusalem at aodenheimer@bloomberg.net; Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.net


We Almost Lost the Nasdaq
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus