Brazilian private equity firm IG4 Capital has delivered a $916 million bid to buy into holding companies that have large stakes in Chilean lithium miner Sociedad Quimica y Minera de Chile, known as SQM, two sources with knowledge of the matter said.
If SQM’s shareholder Julio Ponce agrees to the proposed deal, IG4 would become one of the largest shareholders of the world’s second largest lithium producer.
The group intends to appoint up to four board members, according to the proposal described by the sources.
Source: Reuters
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