Finance > M-a

Tianqi Lithium buys stake in SQM for US$4b

Tianqi Lithium (SZ:002466) has bought the majority of Canadian fertiliser company Nutrien’s (NYSE:NTR) shares in Chilean lithium miner Sociedad Química y Minera de Chile (NYSE:SQM) for US$4.07 billion.

Staff reporter

Finance > M-a

Tianqi Lithium buys stake in SQM for US$4b

Tianqi Lithium (SZ:002466) has bought the majority of Canadian fertiliser company Nutrien’s (NYSE:NTR) shares in Chilean lithium miner Sociedad Química y Minera de Chile (NYSE:SQM) for US$4.07 billion.

Staff reporter

Tianqi Lithium buys stake in SQM for US$4b

Tianqi Lithium has acquired a stake in Chile's SQM

The deal involves 62.6 million class A shares in SQM at $65 per share, although Nutrien will keep its 20.2 million class B shares for the moment before divesting them in due course.