JERUSALEM (Reuters) - Potash producer Israel Chemicals (ICL) said on Thursday its Dead Sea units have fixed assets worth $6 billion, according to an independent valuation.
The valuation includes equipment and facilities used by subsidiaries Dead Sea Works, Dead Sea Bromine and Dead Sea Magnesium, ICL said, adding that it does not constitute a valuation of the businesses themselves.
Most of the assets are located within the area of the company's mining concession at the Dead Sea.
The independent appraisal of assets was given for the end of 2015 and 2016. ICL had previously not made public such information.
(Reporting by Ari Rabinovitch; Editing by Tova Cohen)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app