Tianqi Lithium, Nutrien reach agreement on transfer of SQM stake

• Autores: Martim Facada
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 603, 2018 (Ejemplar dedicado a: Julio-Agosto)
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • The Chinese producer will strengthen its market position by entering a second strategic partnership.

    Chinese producer Tianqi Lithium has agreed to buy the 24% stake in Chilean counterpart Sociedad Química y Minera de Chile (SQM) currently held by Nutrien.

    Tianqi has agreed to pay Nutrien a cash sum of $65 per-share of SQM, for a total value of about $4.07 billion.

    The Chinese company will pay a 12% premium over SQM’s closing share price on Wednesday May 16.

    Nutrien also expects to divest the 20,166,319 B-shares that it holds in SQM.