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IRLCF Israel Corporation (PK)

219.00
0.00 (0.00%)
11 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Israel Corporation (PK) USOTC:IRLCF OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 219.00 0.0015 455.30 0.00 21:37:32

Israel Corp Sells 0.63% Of ICL For ILS395 Million

26/01/2010 12:00pm

Dow Jones News


Israel (PK) (USOTC:IRLCF)
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Israel Corp. Ltd. (ILCO.TV) said Tuesday it has sold 0.63% of Israel Chemicals Ltd. (ICL.TV) for 395 million shekels ($104 million) to UBS AG (UBS), which then distributed the shares on the open market.

Prior to this sale of 8 million shares in Israel Chemicals, Israel Corp. held 53% of Israel Chemicals, which produces chemical products from minerals in the Dead Sea.

Israel Corp. remains the controlling shareholder with 52.37% of Israel Chemicals following this sale.

Swiss bank UBS paid ILS49.40 a share, Israel Corp. said.

At 1110 GMT, shares of Israel Corp. were down ILS20.00, or 0.70%, at ILS2,823.00, while shares of Israel Chemicals were down ILS0.60, or 1.2%, at ILS49.30, in a lower Tel Aviv market.

-By Sara Toth Stub, contributing to Dow Jones Newswires; saratoth@gmail.com

 
 

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