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Tianqi Lithium picks up minority SQM stake for $4.07bn

By:  
Creamer Media Deputy Editor: North America
 
LITHIUM M&A
Lithium producer Tianqi Lithium has secured a 24% stake in Sociedad Quimica y Minera de Chile (SQM) from crop nutrient producer and distributor Nutrien, for $4.07-billion. Nutrien's sale of its SQM holdings was required by the Competition Commission of India and Ministry of Commerce in China before providing their clearance for the merger of Agrium and PotashCorp, which formed Nutrien in January.
 
 
 
 
 

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