26 September 1994 00:00 [Source: ICB]
The Israeli government has decided to offer the general public a smaller proportion of the shares being sold in the forthcoming privatisation of Israel Chemicals. Up to one quarter of the shares will now be sold to a private buyer while public shares could be as few as 22 %. In its original plans the government would have offered the public about one-third of ICL and a private investor 15% (ECN 12 September).
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