BRIEF-Tianqi Lithium Agrees To Purchase Nutrien's Sqm A Share Investment

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BRIEF-Tianqi Lithium Agrees To Purchase Nutrien's Sqm A Share Investment
Credit: © Reuters.

May 17 (Reuters) - Nutrien Ltd NTR.TO :

* TIANQI LITHIUM AGREES TO PURCHASE NUTRIEN'S SQM A SHARE INVESTMENT

* NUTRIEN LTD - ANNOUNCED TRANSACTION REPRESENTS ENTIRETY OF NUTRIEN'S "A SHARES" AT A GROSS VALUATION OF APPROXIMATELY US$4.07 BILLION.

* NUTRIEN - CO, TIANQI LITHIUM SIGNED AGREEMENT, WHEREBY TIANQI LITHIUM AGREED TO PURCHASE 62,556,568 "A SHARES" OF SOCIEDAD QUÍMICA Y MINERA DE CHILE

* NUTRIEN LTD - STILL RETAINS OWNERSHIP OF 20,166,319 SQM "B SHARES" AND EXPECTS TO DIVEST THESE SHARES IN DUE COURSE

* NUTRIEN - SALE OF SQM HOLDINGS REQUIRED BY COMPETITION COMMISSION OF INDIA AND MINISTRY OF COMMERCE IN CHINA TO PROVIDE CLEARANCE FOR MERGER

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