SQM shares jump as major shareholder begins to sell stake
Published: Monday, 21 December 2015
Share value in the lithium producer rose almost 9% on Friday following the news that Oro Blanco, one of a number of holding companies through which former chairman Julio Ponce owns a stake in SQM, is looking to sell its shares.
Shares in Chile’s Sociedad de
Quimica y Minera SA (SQM) rose by 8% last Friday following the
revelation that one of the holding companies through which
former chairman Julio Ponce indirectly controls the miner had
begun to sell off its stake.
The share price of the lithium, iodine and potash...