Report
Seth Goldstein
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Chilean Court Dismisses Lawsuit, Clearing the Way for Nutrien to Sell SQM Stake to Tianqi

On Oct. 25, a five-panel judge in the Chilean Constitutional Court dismissed a lawsuit filed by SQM's largest shareholder, Julio Ponce. The lawsuit was intended to block the sale of a 24% equity stake in SQM from Nutrien to Tianqi Lithium. The court ruled unanimously 5-0 to uphold the Chilean antitrust regulator's decision to approve the sale. With this ruling, the deal is allowed to proceed and we expect it to close by the end of the year. Our fair value estimates for SQM and Nutrien already as...
Underlying
Sociedad Quimica y Minera de Chile S.A. Series B ADS

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Seth Goldstein

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