China's CITIC signals interest in buying SQM stake

摘要

Chinese investor CITIC CLSA Capital Markets Ltd indicated at the end of December that it was interested in buying an indirect stake in SQM, which is being offered by holding company, Sociedad de Inversiones Oro Blanco SA. Banco Itau Argentina, which is overseeing the sale of Oro Blanco's share in the Chilean lithium, potash and iodine producer, has informed its client that CITIC "intends to participate in the formal, competitive and private process" to acquire the holding, according to a filing with the Chilean securities regulator, Superin-tendencia de Valores y Seguros.