Nutrien vows to ‘protect ourselves’ in dispute over sale of its share of Chilean lithium miner [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
Nutrien Ltd. of Canada, whose attempt to sell its stake in Chilean lithium miner SQM to China’s Tianqi has been stalled by a dispute over competitive risks, vowed to “protect its interests” in an interview with a Chilean newspaper published on Sunday. Michael Webb, the executive vice-president of the fertilizer company, accused Julio Ponce, SQM’s largest shareholder, of prioritizing “personal benefit” by asking a court to block the US$4-billion deal. “As an SQM shareholder, we want nothing but the best for the company,” Mr. Webb 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. Story continues below advertisement The sale of Nutrien’s 24-per-cent stake in SQM was approved by Chile’s antitrust regulator, with some conditions to curb Tianqi’s influence. But former SQM chairman Ponce, via his investment firm Pampa Group, has said the deal would still
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