Fertiliser giant Nutrien is seeking to auction its 20.2 million Series-B common shares in Chilean miner SQM on the Santiago Stock Exchange. The Canadian firm said it would place the shares to Chilean investors, other non-US investors and qualified institutional buyers. Shares of SQM, which has been struggling with low commodity prices for years, surged more than 10 per cent after news that the company had reached a deal to sell some or all of its shares.
Fertiliser giant Nutrien is seeking to auction its 20.2 million Series-B common shares in Chilean miner SQM on the Santiago Stock Exchange. The Canadian firm said it would place the shares to Chilean investors, other non-US investors and qualified institutional buyers. It would not make sales to anyone that would, as a result, own more than 5% of SQM's outstanding equity.