ICL acquires Allana Potash

Israel Chemicals Ltd. (ICL), through an indirect wholly owned subsidiary, acquired all of the common shares of Allana Potash Corp. (Allana) it did not own. The transaction was valued approximately $164 million and was completed, pursuant to a court approved plan of arrangement under the Business Corporations Act (Ontario), for cash and securities of ICL. The transaction closed on June 22, 2015.

Allana was represented in-house by Brianna Davies, Corporate Secretary & Legal Counsel. External representation to Allana was provided by Cassels Brock & Blackwell LLP with a team that included André Boivin, Alexander Pizale and Joyce Lim (securities/mining), Chris Norton (tax) and Robert Cohen and Lara Jackson (litigation) with the assistance of Dorsey & Whitney LLP, John Hollinrake, for US tax matters; and Mesfin Tafesse for Ethiopian legal matters.

ICL was represented in-house by Lisa Haimovitz, VP Global General Counsel and Company Secretary, Liat Alon, Legal Counsel. External representation to ICL was provided by McMillan LLP with a team that included Paul Davis and Sandra Zhao (M&A/securities), John Clifford (corporate), Carl Irvine (tax), Brett Harrison (litigation) and Paul Boshyk (employment); and by Davis Polk & Wardwell LLP in the United States with a team that included Michael Kaplan, Meghan Maloney and Denny Won; and by Goldfarb Seligman & Co., Law Offices in Israel with a team that included Dubi Zoltak and Florence Limor-Shaham; and by Freshfields Bruckhaus Deringer in Israel with a team led by Adir Waldman; and by Teshome Gabre-Mariam Bokan Law Office in Ethiopia with a team that included Teshome Gabre-Mariam Bokan and Marina Bwile.