Chilean development agency Corfo has asked the regulator to block the sale of a 32% stake in lithium company SQM to Chinese company Tianqi on the grounds of "serious anti-competitive impacts on the market". Nutrien, which is selling the $second stake in SQM, needs to dispose of the asset to fulfil regulatory requirements as part of the merger which led to the firm's creation. In February, CEO Chuck Magro said he wanted to sell the stake by the end of 2018.
Chilean development agency Corfo has asked the regulator to block the sale of a 32% stake in lithium company SQM to Chinese company Tianqi on the grounds of "serious anti-competitive impacts on the market". Nutrien, which is selling the $4bn stake in SQM, needs to dispose of the asset to fulfil regulatory requirements as part of the merger which led to the firm's creation. In February, CEO Chuck Magro said he wanted to sell the stake by the end of 2018.