Nutrien Ltd. said May 29 that it plans to conduct a placement of up to all of its 20,166,319 B shares in Sociedad Quimica y Minera de Chile SA to Chilean investors, certain other non-U.S. persons and qualified institutional buyers.
The placement will be conducted through a bookbuild auction on the Santiago Stock Exchange. The price and allocations resulting from the auction are expected to be announced by the exchange before SQM shares start trading in Santiago on June 1.
Tianqi Lithium Corp. recently agreed to acquire Nutrien's 62,556,568 A shares in SQM for about US$4.07 billion. The transaction left Nutrien with 20,166,319 B shares of SQM.
