NYSE, TSX: NTR
SASKATOON, Oct. 25, 2018 /CNW/ - Tianqi Lithium Corp. (SZSE:
002466) and Nutrien Ltd. (TSX; NYSE; NTR) said today that they are
pleased with Chile's
Constitutional Court decision to dismiss the Pampa Group's
constitutional claim concerning the pending sale of a 24 percent
minority stake in SQM to Tianqi. This allows the Tribunal de
Defensa de la Libre Competencia ("TDLC") to rule on the
reconsideration motions filed by the Pampa Group, SQM and Conadecus
against the TDLC's initial decision. That unanimous (5:0) decision
upheld Tianqi's agreement with Chile's antitrust enforcement authority on
Tianqi's purchase of Nutrien's minority stake in SQM.
Nutrien and Tianqi expect to close the sale by the end of the
year as previously planned.
About Nutrien
Nutrien is the world's largest provider of crop inputs and
services, playing a critical role in helping growers increase food
production in a sustainable manner. We produce and distribute
over 26 million tons of potash, nitrogen and phosphate products
world-wide. With this capability and our leading agriculture
retail network, we are well positioned to supply the needs of our
customers. We operate with a long-term view and are committed
to working with our stakeholders as we address our economic,
environmental and social priorities. The scale and diversity
of our integrated portfolio provides a stable earnings base,
multiple avenues for growth and the opportunity to return capital
to shareholders.
About Tianqi Lithium
Listed on the Shenzhen Stock Exchange (stock code: SZ.002466),
Tianqi Lithium is a leading global supplier of lithium products,
with major businesses including lithium resource development and
exploitation, downstream production processing and trade for a
diverse range of high quality lithium products including mineral
concentrates. The company has well established presences in
China and Australia, allowing the company to service
customers across Europe,
Asia, and Oceania
Forward-Looking Statements
Certain
statements and other information included in this press release
constitute "forward-looking information" or "forward-looking
statements" (collectively, "forward-looking statements") under
applicable securities laws (such statements are usually accompanied
by words such as "anticipate", "expect", "believe", "may", "will",
"should", "estimate", "intend" or other similar words). All
statements in this press release, other than those relating to
historical information or current conditions, are forward-looking
statements, including, but not limited to the timing of the
settlement date. Forward-looking statements in this press
release are based on certain key expectations and assumptions made
by Nutrien, some of which are outside of Nutrien's control.
Although Nutrien believes that the expectations and assumptions on
which such forward-looking statements are based are reasonable,
undue reliance should not be placed on the forward-looking
statements because Nutrien can give no assurance that they will
prove to be correct.
Forward-looking statements are subject to various risks and
uncertainties which could cause actual results and experience to
differ materially from the anticipated results or expectations
expressed in this press release.
Nutrien disclaims any intention or obligation to update or
revise any forward-looking statements in this press release as a
result of new information or future events, except as may be
required under applicable U.S. federal securities laws or
applicable Canadian securities legislation.
Tianqi Lithium Disclaimer
This press release is for information purposes only and does
not constitute an invitation or offer to acquire, purchase or
subscribe for securities.
FOR FURTHER INFORMATION:
Investor and Media Relations:
Richard Downey
Vice President, Investor & Corporate Relations
(403) 225-7357
Investor Relations:
Jeff
Holzman
Senior Director, Investor Relations
(306) 933-8545
Todd Coakwell
Director, Investor Relations
(403) 225-7437
Contact us at: www.nutrien.com
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content:http://www.prnewswire.com/news-releases/tianqi-and-nutrien-comment-on-chilean-constitutional-court-ruling-300738408.html
SOURCE Nutrien Ltd.