Radar > 236717

Tianqi Lithium could be keen to acquire SQM

Tianqi Lithium estaría interesada en la toma de control de SQM

Intel ID : 236717
Synopsis

Tianqi Lithium, a China-based lithium producer, could be interested in acquiring a controlling stake in SQM, a chemical and mining company based in Santiago de Chile, as published by Diario Financiero on 17 May 2016.

Specifically, representatives of the Asian company have met with officials from the Ministry of Mines to know in detail the Government's policy on the sector, and also met with the executive vice president of Corfo, Eduardo Bitran, to manifest its interest in acquiring a controlling stake in SQM.

Tianqi's binding offers, which will offer the final stretch to close the deal, should be submitted by the end of June or early July (see related Intel).
(content in spanish)

Tianqi Lithium, empresa china productora de Litio, estaría interesada en tomar el control de SQM, empresa química y minera basada en Santiago de Chile, según ha informado Diario Financiero el 17 de mayo de 2016.

En concreto, representantes de la compañía asiática se han reunido con autoridades del ministerio de Minería para conocer al detalle la política del Gobierno sobre el sector, así como también se han reunido con el vicepresidente ejecutivo de Corfo, Eduardo Bitran, con el objetivo de manifestar su interés en tomar el control de SQM.

Las ofertas vinculantes por la empresa química, que supondrán la recta final de la operación, deberían concretarse hacia fines de junio o principios de julio (ver Intel relacionado).

Bidder

Tianqi Lithium
China

Advisors

prospect
prospect

Target

SQM
Chile

Intel ID 236717
Value ND
Native Currency US Dollar (USD)
Exchange Rate:
Financial Data - SQM
(31 Dec 2016)

Exchange Rate:
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
potential
Subsector (Old TTR Sectors)
Natural Resources / Mining (Primary)
Primary Sector (TTRSC)
55.05.08 Specialty Metals & Minerals
55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources

Country
Website
Description

Target

Name
potential
Subsector (Old TTR Sectors)
Industry / Chemical and Chemical Materials (Primary)
Natural Resources / Mining
Primary Sector (TTRSC)
55.05.08 Specialty Metals & Minerals
55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources

Secondary Sectors (TTRSC)
55.02.02 Industrial Chemicals & Gases
55 Raw Materials & Natural Resources / 55.02 Chemicals

Country
Website
Description

Related Entity

Name
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Country
Website
Description

Related Entity

Name
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Services and Distribution / Public Services
Primary Sector (TTRSC)
50.01.02 Government Administration
50 Public Services & NGOs / 50.01 Government & Public Administration

Country
Website
Description

Financial Advisory

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Date Target Country Buyer Seller VALUE (EURm) Subsector    

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.