The Government approved today the transfer of the majority of shares of the Fertilizers and Chemicals Company of Haifa to the Israel Investors Corporation, an American firm headed by Sam Rothberg of Peoria, III. The United States group will acquire 74 percent of the shares of Israel’s largest chemical firm, while the remainder will be retained by the Government and agricultural cooperatives.
The Government’s decision approving the transfer, which may be followed by further transfers of Government-owned plants to private investors, was taken over the objection of Development Minister Mordechai Bentov. The Mapam Minister unsuccessfully sought to limit the acquisition by the American firm to 50 percent of the chemical company’s shares.
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