Soc. de Inversiones Pampa Calichera SA, a Chilean holding company, had its recommendation increased to “buy” from “hold” at Santiago-based brokerage Larrain Vial SA, which cited plans to split Calichera into two companies.
Pampa Calichera, whose main asset is a 30 percent stake in fertilizer producer Soc. Quimica & Minera de Chile SA, had its price estimate increased to 1,040 pesos, Larrain Vial analyst Miguel Moreno wrote in a note to clients.
Pampa Calichera shareholders will meet Aug. 17 to vote on separating its assets into two companies, one which will retain the name and another to be called Potasios de Chile SA. Potasios will have fewer restrictions to its investments and its dividend policy, Moreno wrote.
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