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[Jan 2018] Israel Chemicals Limited (ICL) Latest Ethiopian News | Ethiopian Business Directory & Portal - Addis Biz

Israel Chemicals Acquires Allana Potash for $150m

Israel Chemicals Limited (ICL) has fully acquired Allana Potash Corporation, the parent company of Allana Potash.

The 150 million dollar sale followed approval by Allana’s shareholders as well as Ontario’s Supreme Court on June 22, 2015, according to ICL’s Country Manager, Yoseph Enyew.

Allana, a junior mining company listed on the Toronto Stock Exchange was sold after a public bid offered to its shareholders in 2014 and its sale was accepted by 90 pc of them. But Canadian law dictates that the full transfer of any public

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