China's Tianqi Lithium has bought a 24% stake in Chilean miner SQM from Canada-based fertiliser company Nutrien for almost $4.1bn. Tianqi said it will buy 62.5 million SQM A shares from Nutrien for $65 each. The deal is the latest sign of Chinese appetite to invest more heavily into Latin America. Nutrien shares eased 0.4 percent in Toronto to C$65.92. The FNE has until August, plus possible extensions, to decide whether it will launch a full investigation into the deal.
China's Tianqi Lithium has bought a 24% stake in Chilean miner SQM from Canada-based fertiliser company Nutrien for almost $4.1bn. Tianqi said it will buy 62.5 million SQM A shares from Nutrien for $65 each. The deal is the latest sign of Chinese appetite to invest more heavily into Latin America. The FNE has until August, plus possible extensions, to decide whether it will launch a full investigation into the deal.