Tianqi set to buy 2% stake in SQM
Published: Tuesday, 27 September 2016
The deal marks further expansion by the Chinese lithium producer, which had already indicated an interest in acquiring a share of its Chilean rival via an alternate route.
China’s Tianqi Lithium
Industries Inc. will buy a 2.1% stake in Chilean rival Sociedad
Quimica y Minera SA (SQM), subject to regulatory approvals, it
announced in a statement on the Shenzhen Stock Exchange
The company will pay $209.63m for the stake, to Sailing
Stone Capital Partners LLC, an...