April 10, 2013 / 12:35 PM / in 5 years

Israel finance minister opposes Israel Chem sale to Potash Corp

TEL AVIV, April 10 (Reuters) - Israel’s new finance minister, Yair Lapid, said he opposes the sale of fertiliser maker Israel Chemicals to Canada’s Potash Corp .

“Lapid advised his ministry’s senior officials he intends to wage a belligerent policy to preserve the natural treasures of the State of Israel and said: ‘The State of Israel’s natural resources are a public asset and the Israeli public should benefit from them,'” Lapid’s spokeswoman said in a statement.

Lapid decided to set up a public committee to re-examine the state’s rights to natural resources managed by private companies, the statement added.

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