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Israel Chemicals sells stake in desalination firm IDE for $167 mln

Israel Chemicals sells stake in desalination firm IDE for $167 mln
From Reuters - December 9, 2017

JERUSALEM (Reuters) - Israel Chemicals (ICL) (ICL.TA) said on Sunday it completed a sale of its 50 percent holding in water desalination firm IDE Technologies for $167 million.

The final price was below an initial agreement of $178 million, ICL said in a statement to the Tel Aviv Stock Exchange.

ICL (ICL.N) said it expects to post a capital gain of $40 million in the fourth quarter from the sale.

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