Nutrien to auction stake in lithium miner SQM on Monday

Nutrien to auction stake in lithium miner SQM on Monday
Copyright 
By Reuters
Share this articleComments
Share this articleClose Button

SANTIAGO (Reuters) - Canadian fertilizer giant Nutrien <NTR.TO> will auction its 23.77 percent share in Chile´s SQM <SQMa.SN> on Dec. 3, the Chilean stock exchange said on Wednesday, a final step toward completing the sale of a coveted stake in the world´s No. 2 lithium producer to China´s Tianqi <002466.SZ>.

In a statement, the local stock exchange said the minimum bid would be set at $65 per share, for a total package price of $4.066 billion.

China's Tianqi said in May it would buy nearly a quarter of SQM from Nutrien.

(Reporting by Dave Sherwood; Editing by Bill Trott)

Share this articleComments

You might also like