Nutrien Closes Sale of SQM Shares
Nutrien Ltd., Saskatoon, announced Dec. 5 that it has closed the sale of its remaining SQM shares to Tianqi Lithium Corp. through an open auction process on the Santiago Stock Exchange for gross proceeds of approximately US$4.1 billion. This is the final divestiture required by the Competition Commission of India and Ministry of Commerce in China in providing their clearance for the merger of Agrium and PotashCorp to form Nutrien. Net proceeds from the sale of all of the equity investments in 2018 is expected to total approximately US$5 billion.