PCS Takes an 18% Stake in SQM.(Potash Corp. acquires stake in Sociedad Quimica y Minera de Chile)(Brief Article)

Chemical Week, October, 2001

Potash Corp. of Saskatchewan (PCS) says it has acquired an 18% equity stake in Sociedad Quimica y Minera de Chile (SQM; Santiago) for about $129 million. The acquisition was made through the purchase of 48 million class A shares, says PCS. SQM produces specialty fertilizers, iodine, and lithium, primarily in Europe, Latin America, and North America, and reported sales of $502 million last year.

I.B. Partners (Santiago) was PCS's financial advisor for this transaction.