May 17, 2018 / 11:11 AM / 2 months ago

China's Tianqi to buy stake worth $4.07 billion in Chile's SQM

May 17 (Reuters) - Canadian fertilizer company Nutrien Ltd said on Thursday it would sell 62.5 million Class A shares in Chilean lithium producer Sociedad Quimica Y Minera (SQM) to Tianqi Lithium Corp for $4.07 billion.

Tianqi will pay $65 per share in cash to Nutrien.

Reuters reported on Wednesday that Tianqi and SQM were in talks. (Reporting by Yashaswini Swamynathan in Bengaluru)

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