Inversiones Oro Blanco Selling Stake in Affiliate

Chile-based investment firm Sociedad de Inversiones Oro Blanco says it plans to sell up to 126m shares of affiliate Sociedad de Inversiones Pampa Calichera, in which it holds an 83.23% stake. Pampa Calichera has a 27% stake in chemical company SQM. Oro Blanco says it will sell the shares for a minimum price of CLP545 on the Santiago exchange. It also says it will use the proceeds to pay down debt. Oro Blanco approved the share sale May 13.