ICL Group Ltd.

Foreign Filer Report • Jun 5, 2018

6-K 1 dp91891_6k.htm FORM 6-K

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of June, 2018

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Commission File Number: 001-13742

ISRAEL CHEMICALS LTD.

(Exact name of registrant as specified in its charter)

Israel Chemicals Ltd.

Millennium Tower

23 Aranha Street

P.O. Box 20245

Tel Aviv, 61202 Israel

(972-3) 684-4400

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F X Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes No X

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes No X

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ISRAEL CHEMICALS LTD.

INCORPORATION BY REFERENCE

This report on Form 6-K shall be deemed to be incorporated by reference into the registration statement on Form S-8 (Registration Number: 333-205518) of Israel Chemicals Ltd. and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished.

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ISRAEL CHEMICALS LTD.

1. Sale of Rovita GmbH

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Item 1

Sale of Rovita GmbH

The Company hereby reports, that it has entered into an Asset Purchase and Transfer Agreement (the "Agreement") for the sale and transfer of the assets and business of its subsidiary, Rovita GmbH ("Rovita"), which produces a commodity milk protein using a by-product from Prolactal, ICL's Specialty Solutions' organic whey protein business. The transaction has no consideration. The transaction does not include other ICL Food Specialties activities (including the Meatless business). The Agreement will be followed by a long-term supply agreement between the Company and the buyer. Closing of the transaction is expected during July 2018.

Following the Agreement, the Company will write-off Rovita's transferred assets as well as intangible assets in an amount of about $17 million, before tax, in its Q2 2018 financial statements. The Company expects the transaction will be moderately accretive to ICL Food Specialties business line’s profit starting from Q3 2018.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

/s/ Kobi Altman
Name:	Kobi Altman
Title:	Chief Financial Officer

/s/ Lisa Haimovitz
Name:	Lisa Haimovitz
Title:	Senior Vice President, Global General Counsel and Corporate Secretary

Date: June 5, 2018

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