Tianqi ups stake in SQM

Tianqi ups stake in SQM

M&A Energy Chile China

Tianqi Lithium has agreed to buy roughly 62.56m shares in Chile's Sociedad Quimica Minera (SQM) for $65 apiece, according to a securities filing from the Chilean lithium miner. Valued at roughly $4.1bn, the deal gives Chinese Tianqi a further 24% stake in SQM, stock it picks up from the newly-formed Nutrien. The agreement also allows Tianqi to elect three of SQM's eight board members. The Canadian firm was required to sell the stock in line with a merger between PotashCorp and Agrium, which cr

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