SQM has sold a 24% stake to Tianqi Lithium
Nutrien Ltd., a Canadian fertilizer company, has sold a 24% stake in Sociedad Química y Minera de Chile (SQM) to Tianqi Lithium for USD$ 4,070 million.
Sociedad Química y Minera de Chile (SQM) is the world leader in the specialty fertilizers, iodine and lithium businesses, with a dominant position and sustainable competitive advantages due to its unique assets. With an extensive distribution network and some strategic alliances, the company sells to more than 100 countries. SQM's natural resources and its main production facilities are located in the Atacama Desert between Chile's I and II regions.
Tianqi Lithium (SZ.002466) is a leading new energy materials company in China. The company’s businesses include mining and production of lithium concentrate and manufacturing of lithium compounds. Tianqi Lithium has established mineral operations, manufacturing plants and subsidiaries in China (Sichuan, Chongqing, Jiangsu) and Australia, allowing the company to serve customers across the globe.
Nutrien is the largest producer of potash and the second largest producer of nitrogen fertilizer in the world. The company has 1,500 retail stores and more than 20,000 employees. Nutrien is listed on the Toronto Stock Exchange and the New York Stock Exchange (NTR), with a market capitalization of US$30 billion as of January 2019. The company was created through the merger of PotashCorp and Agrium.
Oaklins’ team in Chile acted as stockbroker in the Tianqi Lithium's USD$4,070 million acquisition of a 24% stake in SQM.
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