JERUSALEM, April 25 Israel Chemicals
has agreed to sell its 50 percent stake in water desalination
firm IDE Technologies for about $180 million, a leading Israeli
financial news website reported on Tuesday.
Israel Chemicals (ICL), a top global supplier of potash, and
IDE both declined to comment.
IDE, which has built major desalination plants in the United
States, Israel, India and China, is jointly owned by ICL
and Israeli conglomerate Delek Group.
News website Calcalist reported that ICL has agreed to sell
its portion to a group of 3-4 buyers, including Israel's Clal
Insurance, which will take over 20 percent of IDE.
Officials at Clal Insurance had no immediate comment.
(Reporting by Ari Rabinovitch)