Canada's Potash Corp. (POT) has asked for approval from the Israeli government to raise its...

|About: Potash Corporation of Sas... (POT)|By:, SA News Editor

Canada's Potash Corp. (POT) has asked for approval from the Israeli government to raise its stake in rival Israel Chemicals (ICL) (ISCHY.PK) to 25% from 13.9%, reports say. Buying the extra 11.1% could cost Potash around 5.23B shekels ($1.38B). Market players reckon the move could be a prelude to taking full control of ICL.