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Nutrien to auction stake in lithium miner SQM on Monday

Published 2018-11-28, 01:39 p/m
© Reuters.  Nutrien to auction stake in lithium miner SQM on Monday
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SANTIAGO, Nov 28 (Reuters) - Canadian fertilizer giant Nutrien NTR.TO will auction its 23.77 percent share in Chile´s SQM SQMa.SN on Dec. 3, the Chilean stock exchange said on Wednesday, a final step toward completing the sale of a coveted stake in the world´s No. 2 lithium producer to China´s Tianqi 002466.SZ .

In a statement, the local stock exchange said the minimum bid would be set at $65 per share, for a total package price of $4.066 billion.

China's Tianqi said in May it would buy nearly a quarter of SQM from Nutrien.

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