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Nutrien to auction stake in Chile's SQM on Dec. 3

Published 11/28/2018, 05:43 PM
© Reuters.  Nutrien to auction stake in Chile's SQM on Dec. 3
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  • Nutrien (NYSE:NTR) will auction its 23.77% stake in lithium miner SQM on Dec. 3, according to Chile's stock exchange, in a final step toward completing the sale to China's Tianqi.
  • The exchange said the minimum bid would be set at $65/share, for a total package price of slightly more than $4B.
  • Tianqi struck a deal earlier this year to buy the SQM stake from Nutrien, which must offload it to meet regulatory commitments after it was formed in January by the merger of Agrium and Potash Corp. of Saskatchewan.
  • Now read: SQM: Lithium Production Problems Drag On An Otherwise Good Quarter


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