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Exclusive: China's Tianqi nears $4.3 billion deal to buy stake in Chile's SQM - sources

Reuters  |  HONG KONG/TORONTO 

By Julie Zhu and John TilakHONG KONG/TORONTO (Reuters) - China's Tianqi Lithium is nearing a deal to buy a 24 percent stake in Chile's Sociedad Quimica Y Minera (SQM) , one of the world's biggest lithium producers, for about $4.3 billion, two people close to the transaction said.Chengdu-based Tianqi, which is building the world's biggest lithium processor in Western Australia, is looking to sign a deal to acquire the stake in SQM from Canadian fertilizer company Nutrien Ltd , the people said. Nutrien, formed by the merger of Agrium and Potash Corp of Saskatchewan, must sell its stake in SQM ...

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First Published: Wed, May 16 2018. 01:25 IST
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