Julio firm Tianqi Lithium has reached an agreement with Pampa Group over the governance of Sociedad Quimica y Minera de Chile (SQM). Tianqi paid $4.1bn for a 23.77% stake in SQM, but faced pressure from principal shareholder Pampa, headed by Chinese Ponce Lerou. The two firms have signed off on issues including veto rights, financial statements and the substitution of board members.
Chinese firm Tianqi Lithium has reached an agreement with Pampa Group over the governance of Sociedad Quimica y Minera de Chile (SQM). Tianqi paid $4.1bn for a 23.77% stake in SQM, but faced pressure from principal shareholder Pampa, headed by Julio Ponce Lerou. The two firms have signed off on issues including veto rights, financial statements and the substitution of board members.