Lawyers for Chilean mining company SQM have objected to the terms of a deal agreed between Chile's competition authority and Chinese mining company Tianqi, which has agreed to buy 24% of SQM for $4.1bn. SQM said the agreement would give Tianqi too much access to SQM’s commercially-sensitive information. The case is being heard by Judge Juan Carlos Maqueda in Santiago on Tuesday after an earlier hearing was postponed due to technical problems.
Lawyers for Chilean mining company SQM have objected to the terms of a deal agreed between Chile's competition authority and Chinese mining company Tianqi, which has agreed to buy 24% of SQM for $4.1bn. SQM said the agreement would give Tianqi too much access to SQM’s commercially-sensitive information. Chile’s anti-trust court must approve the settlement between the regulator and Tianqi.