PotashCorp Releases Statement

October 31, 2012 06:28 AM

Your Inputs Monitor reported earlier today about PotashCorp's interest in Israel Chemical (click here for the story). PotashCorp has since issued the following press release:

SASKATOON, SK, Oct. 31, 2012 /PRNewswire/ - Potash Corporation of Saskatchewan Inc. (PotashCorp) acknowledges the statement made to the Tel Aviv Stock Exchange by Israel Corporation, particulars of which include:

1) Discussions have occurred with Israeli government officials around potential options to increase our ownership stake in Israel Chemical Ltd (Israel Chemicals).

2) No deal has been formulated, there is no assurance that a deal will be reached, or that parties will sign an agreement.

PotashCorp does not intend to comment further on this matter at this time.

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