Israeli holding company Koor Industries on Sunday denied it was in talks to sell a large stake of generic agrochemicals maker MA Industries for more than $1 billion. On Saturday, India's Business Standard newspaper reported that United Phosphorus Ltd (UPL), India's largest pesticide maker, was in talks to buy about 39 percent of MA for some $1.1 billion from Koor, which owns 40 percent of MA. The report sent shares of MA up more than 9 percent by early afternoon trading in Tel Aviv. “We are denying it. It is not true at all,” said a Koor spokeswoman in Tel Aviv, without elaborating further. […]