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Entrepreneur Gains Control of Interest in Israel Chemicals

February 7, 1995
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The government here decided to sell a controlling interest in Israel Chemicals to Israel Corporation, owned by billionaire entrepreneur Shaul Elisenberg.

Eisenberg bought a 25 percent stake in the company on Tuesday for $230 million.

Israel Chemicals, one of the country’s largest firms, is a major producer of potash, bromides, fertilizer and industrial chemicals. Its 1994 sales totaled $1.2 billion.

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