07 June 2004 13:04 [Source: ICIS news]
The deal was first announced in February. Under the terms, the buyer has agreed to honour the existing contracts of all employees at
Israel Chemicals said it will continue to buy plaster and limestone from Negev Industrial Minerals.
The sale of Negev Industrial Minerals is the latest in Israel Chemicals’ divestments, which included many of the firm’s real estate holdings, its 50% stake in IDE Technologies, the Dead Sea Laboratories and the
Israel Chemicals’ core businesses are agrochemicals and specialty chemicals.
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