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
View original content:http://www.prnewswire.com/news-releases/tianqi-and-nutrien-comment-on-chilean-constitutional-court-ruling-300738408.html
SOURCE Nutrien Ltd.
View original content: http://www.newswire.ca/en/releases/archive/October2018/25/c2080.html