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SQM shares jump as major shareholder begins to sell stake

By Myles McCormick
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...

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