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Report: Potash Corp. considering sale of SQM stake to secure Agrium deal

Published 09/13/2017, 03:36 PM
© Reuters.  Report: Potash Corp. considering sale of SQM stake to secure Agrium deal
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  • Potash Corp. (POT) may sell its stake in Sociedad Quimica y Minera de Chile (SQM +3.7%) to secure approval for its merger with Agrium (AGU), Mining.com reports.
  • POT, which holds a 32% percent stake in SQM and holds three seats on the lithium miner's board, said earlier this week that Canadian regulators had approved the merger but warned the AGU tie-up could close several months later than previously expected due in part to authorities in China and India who want the divestment of certain minority interests; according to local newspaper Diario Financiero, one of the three minority holdings POT may divest is SQM.
  • The merger also is awaiting approval in the U.S.
  • Now read: Potash Corp.: Nutrien Merger Catalyst Coming Though Questions Mount


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