SANTIAGO (Reuters) - Canadian fertilizer company Nutrien auctioned its remaining stake in Chile lithium miner SQM on Friday for nearly $1 billion, the last step in meeting regulatory commitments after the company was formed in January by the merger of Agrium and Potash Corp of Saskatchewan.
The nearly 20.17 million B-series shares in SQM sold on Chile's IPSA stock exchange for 31,000 pesos ($49.05) per share.
China's Tianqi Lithium Corp last month said it would buy nearly a quarter of the lithium miner for $4.1 billion, gaining it coveted access to a key ingredient in rechargeable batteries that power mobile phones and electric cars.
(Reporting by Dave Sherwood; Editing by Chizu Nomiyama)
Price
|
Change
|
5d. change
|
Capi.
| ||
|---|---|---|---|---|---|
| 43,277 CLP | -0.07% | -0.65% | 13.57B | ||
| 5,350 JPY | -.--% | -0.19% | 12.52B | ||
| 82.6 CAD | +1.61% | +5.87% | 29.88B | ||
| 554 PTS | -1.63% | +0.97% | - | ||
