Tianqi buys 23.77% stake at SQM for $4bln
Published: Tuesday, 04 December 2018
Tianqi's acquisition follows a lithium industry strategy of asset diversification into both brine and hard rock operations.
Chinese lithium producer Tianqi Lithium has purchased 23.77%
of A shares in Sociedad Quimica y Minera (SQM), which were
previously owned by Canada’s Nutrien.
A total of 62,556,568 A shares in SQM were sold for $4.066
billion at a minimum price of $65 per share, the Chilean...