Lithium Mogul Moves to Loosen Grip on Chilean Producer SQM
- Oro Blanco board approves 12-month contract with Itau
- Holdco is evaluating ``all alternatives'' for Calichera stake
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Fertilizer and lithium baron Julio Ponce took a step closer to relinquishing control of Soc. Quimica & Minera de Chile SA as the miner fights legal and regulatory cases.
Soc. de Inversiones Oro Blanco SA, one of the four cascading holding companies Ponce uses to control SQM, hired Banco Itau Argentina SA to study options for its stake in another of the holding companies, Soc. de Inversiones Pampa Calichera SA, and seek potential buyers, it said in a filing late Thursday.