SQM opposes agreement for share sale to competitor Tianqi
Published: Friday, 14 September 2018
Chilean lithium miner SQM has stated its opposition to a deal between regulator FNE and Chinese producer Tianqi because of the risks to free competition of being part-owned by a direct competitor.
Chilean lithium miner Sociedad Quimica y Minera (SQM) has
stated its opposition to the agreement reached between national
antitrust regulator Fiscalía Nacional Económica
(FNE) and China’s Tianqi Lithium that will allow
the East Asian company to acquire a 24% stake in SQM currently
held by Canada’s Nutrien.