ICL acquires a 15% stake in Yunnan Yuntianhua for $250 million

摘要

Israel Chemicals Ltd. (ICL; Tel Aviv) says that it has completed a 15% equity investment in Yunnan Yuntianhua (Kunming, China), China's leading phosphate producer, for approximately $250 million. In October 2015, ICL and Yunnan Yuntianhua established a phosphate joint venture company YPH JV. ICL's investment in Yunnan Yuntianhua is part of the formation of YPH JV and will deepen their strategic alliance, ICL says.