CITIC Securities Company Limited (SHSE:600030 will participate in the process to buy an indirect stake in Chemical & Mining Co. of Chile Inc. (NYSE:SQM). Sociedad de Inversiones Oro Blanco S.A. (SNSE:ORO BLANCO) said that Banco Itaú Argentina S.A., which was hired to oversee the sale process, informed that CITIC had indicated its interest in buying the indirect stake.

Oro Blanco is selling its entire 88% stake in Sociedad de Inversiones Pampa Calichera, S.A., which in turn owns around 20% of SQM.