trending Market Intelligence /marketintelligence/en/news-insights/trending/vpyvafua2i2_8a7myi2vlw2 content esgSubNav
In This List

Tianqi Lithium snapping up most of Nutrien's SQM stake for US$4.07B


Infographic: The Big Picture 2024 – Energy Transition Outlook

Case Study

An Oil and Gas Company's Roadmap for Strategic Insights in a Quickly Evolving Regulatory Landscape


Essential IR Insights Newsletter Fall - 2023


Battery metals - unbated long term need for supply security despite short-term headwinds

Tianqi Lithium snapping up most of Nutrien's SQM stake for US$4.07B

Tianqi Lithium Corp. signed an agreement to acquire Nutrien Ltd.'s 62,556,568 A shares in Sociedad Quimica y Minera de Chile SA, or SQM, for US$65 apiece in cash, totaling about US$4.07 billion, Nutrien and Tianqi Lithium said May 17.

The sale was required by regulators to approve the merger of Agrium Inc. and Potash Corp. of Saskatchewan, which resulted in the formation of Nutrien, and comes despite Corfo's move to block the transaction

Corfo, a Chilean governmental organization, said in March that the sale could give China an unfavorable advantage in securing resources for developing electric vehicles and would "gravely distort market competition."

Tianqui Lithium's purchase of the SQM shares is expected to be completed in the fourth quarter, subject to various conditions. The transaction will leave Nutrien with 20,166,319 B shares of SQM, which it expects to divest in due course.