June 15, 2018 / 9:08 PM / a month ago

Chile anti-trust regulator to probe Tianqi purchase of SQM stake

SANTIAGO, June 15 (Reuters) - Chile’s anti-trust regulator FNE said on Friday it would open an investigation into the effects on the market of China’s Tianqi purchase last month of a 24 percent stake in SQM , one of the world’s top lithium producers.

Chile’s government under former President Michelle Bachelet in March filed a complaint with the FNE alleging a potential fusion between the two lithium giants would distort the global market for the key ingredient in the batteries that power electric vehicles. (Reporting by Aislinn Laing and Dave Sherwood; Editing by Sandra Maler)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below