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LatinNews Regional Monitor: Brazil & Southern Cone - 14 February 2018

Region: Corporate Radar

SQM settles in Chile: SQM, Chile’s leading lithium and fertiliser producer, said at the end of January that it had reached an out-of-court settlement with state prosecutors investigating its involvement in making alleged illicit campaign contributions in 2008-2015. The investigation lasted three years. SQM has not admitted guilt, but did agree to pay CLP900m (US$150m) to the authorities and to make CLP1,650 (US$275m) worth of donations to various charities.

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