Reuters reported this Monday that China’s CITIC CLSA Capital Markets will participate in a process to buy an indirect stake in Chile’s SQM (NYSE:SQM).
As quoted in the publication:
Holding company Oro Blanco said in a filing with Chile’s securities regulator that Banco Itau Argentina, which was hired to oversee the sale process, informed it that CITIC had indicated its interest in buying the indirect stake.
Oro Blanco is selling its entire 88 percent stake in holding in Pampa Calichera, which in turn owns around 20 percent of SQM, a major producer of lithium and an important supplier of iodine and other chemicals.
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