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Potash Corp hires banks to explore sale of SQM stake - La Tercera

Published 2017-09-23, 10:13 a/m
© Reuters.  Potash Corp hires banks to explore sale of SQM stake - La Tercera
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SANTIAGO, Sept 23 (Reuters) - Potash Corporation Of Saskatchewan Inc POT.TO has hired Goldman Sachs (NYSE:GS) and BofA Merrill Lynch to explore selling its 32 percent stake in Chile's Sociedad Quimica Y Minera (SQM) SQM_pb.SN , Chilean paper La Tercera reported on Saturday.

Considering a stake sale comes as Potash Corp moves to merge with fellow fertilizer company Agrium Inc AGU.TO , La Tercera reported, without naming sources.

Potash Corp and SQM, one of the world's biggest lithium producers, did not immediately respond to request for comment.

Agrium and Potash Corp said on Sept. 7 they were told by regulators in India and China that they need to divest Potash's offshore interests for their merger to be approved.

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