Freitag, 9. Juli 2010

Chile Brokerage Larrain Vial Pays $76.9 Million For Calichera Stake

SANTIAGO -(Dow Jones)- Chilean brokerage and investment bank Larrain Vial, one of the largest in the South American country, paid 41.4 billion pesos ($76.9 million) for 46.4 million A-series shares in holding company Pampa Calichera (CALICHERAA.SN), the local bourse said Friday.

Larrain Vial bought the shares through two auctions on the Santiago Stock Exchange.

Calichera is one of the holding companies that controls fertilizer and chemical producer Sociedad Quimica y Minera de Chile SA (SQM, SQM-B.SN), or SQM.

In recent trading, Calichera shares rose 1.4% to CLP870.00, while SQM's more liquid B-series gained 1.8% to CLP18,700.00.

The blue-chip Ipsa index, meanwhile, was up 0.3% to 4187.95, nearing a lifetime intraday high.

Copyright 2009 Dow Jones Newswires

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