TEL-AVIV, Israel, July 2 /PRNewswire-FirstCall/ -- ICL, the Israel-basedfertilizers and specialty chemicals company, and Volkswagen, the German-basedautomotive Group, have reached an agreement.

Volkswagen is no longer a shareholder in Dead Sea Magnesium (DSM).

DSM, a magnesium producing company at the Dead Sea is part of thechemical production complex owned and operated by ICL.

DSM began operations in 1996, developing into the second largest westernmagnesium producer by 2008.

Volkswagen stated that it ended its shareholding in DSM in order toconcentrate on its core business.

PRESS CONTACT Fleisher Communications and Public Relations Amiram Fleisher +972-3-6241241 amiram@fleisher-pr.comSOURCE ICL - Israel Chemicals Ltd