Canada’s Nutrien (TSX:NTR), the world’s largest potash miner, is closer than ever to fulfilling all conditions for the merger between Potash Corp. and Agrium, which created the company, after India’s antitrust regulator green-lighted the sale of its 24% stake in Chile’s Chemical and Mining Society (SQM) to China’s Tianqi.
The country’s Competition Commission (CCI) had given Nutrien until April 2019 to divest its holding in SQM, the world’s second largest lithium producer, but a deal was reached almost a year earlier, after the Canadian potash giant agreed to sell it to the Chinese firm in May.
CCI warned that if by any event Nutrien’s shares end being sold to a third possible buyer other than Tianqi, then a new approval should be sought, Chilean paper El Mercurio reports (in Spanish) .
More to come…
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From:: Infomine