Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.
BREAKING NEWS

Nutrien to auction stake in lithium miner SQM on Monday

Euronews logo
Text size Aa Aa

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)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.