Israel Corp To Sell 5 Percent Of Shares In Israel Chemicals For Approx. $460M

September 15, 2014 | Israel Corporation, Israel’s largest holding company, will sell five percent of its shares in Israel Chemicals for nearly $460 million. Israel Corp. will sell 62 million Israel Chemicals shares and the underwriters of the flotation will be presented with an option to sell an additional 6.2 million shares. Israel Chemicals shares are set to begin trading this month on the New York Stock Exchange under the ticker symbol ICL. Following the sale, for which Morgan Stanley and Barclays are chief underwriters, Israel Corp’s stake in Israel Chemicals will fall to 47 percent. Israel Corp. was founded in 1968 and is headed by Chairman Idan Ofer and CEO Nir Gilad.