Nutrien vows to 'protect interests' over threat to SQM sale -paper [Reuters (UK)]
Nutrien Ltd. Common Shares (NTR)
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Source: Reuters
Nutrien vows to 'protect interests' over threat to SQM sale: paper | Reuters 2 Min Read SANTIAGO (Reuters) - Canada’s Nutrien, whose attempt to sell its stake in Chilean lithium miner SQM to China’s Tianqi has been stalled by a row about competitive risks, vowed to “protect its interests” in an interview with a Chilean newspaper published on Sunday. Michael Webb, the executive vicepresident of fertilizer company Nutrien ( NTR.TO ), accused Julio Ponce, SQM’s SQMa.SN SQM_pb.SN largest shareholder, of prioritizing “personal benefit” by asking a court to block the $4 billion deal. “As an SQM shareholder, we want nothing but the best for the company,” he told El Mercurio. “If Mr Ponce takes action that harms us and any other shareholder, we will look to protect ourselves.” He did not elaborate. The sale of Nutrien’s 24 percent stake in SQM was approved by Chile’s antitrust regulator, with some conditions to curb Tianqi’s ( 002466.SZ ) influence. But former SQM chairman Ponce, via his
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