Quiñenco S.A. history, profile and corporate video

       Quiñenco S.A. is a diversified business conglomerate with investments in leading companies of the financial, beverage, manufacturing, energy, transport, and port services sectors. It is headquartered in Las Condes, Chile.

       Quiñenco S.A.’s shares are traded on the Chilean stock exchanges. With 83% of ownership interest, the company manages the Luksic Group’s financial and industrial investments, while the mining and railways investments are managed by Antofagasta plc.

       The Luksic Group also participates in the tourism industry of Croatia.


       Quiñenco’s origins date back to 1957 when Forestal Quiñenco S.A. was created to exploit eucalyptus forests to produce wood props for underground tunnels.

    1960 – 1969

    • Purchase of Forestal Colcura S.A.
    • Acquisition of Empresas Lucchetti S.A.


    • Purchase of Hoteles Carrera S.A.


    • Purchase of shares in Banco O’Higgins and Banco Santiago.
    • Control of Manufacturas de Cobre S.A. (Madeco) is acquired.
    • Control over Compañía de Cervecerías Unidas S.A. (CCU), in alliance with the German group Schörghuber, is acquired.
    • Purchase of a majority stake in the telecommunications company VTR S.A.


    • Quiñenco is established as the financial and industrial parent company of the Luksic Group.
    • Quiñenco makes a Public Share Offering on the New York and Santiago stock exchanges.
    • Creation of OHCH in alliance with Banco Central Hispanoamericano.
    • Creation of Habitaria S.A. with the Spanish construction firm Ferrovial Inmobiliaria.
    • Sale of stake in the banking sector holding company OHCH, after which 51.2% of Banco de A. Edwards and 8% of Banco de Chile were acquired.
    • Sale of VTR Cable.
    • Acquisition of a 14.3% stake in Entel S.A.


    • Creation of LQ Inversiones Financieras S.A. (LQIF), as a subsidiary of Quiñenco.
    • Acquisition of 52.7% of the voting rights in Banco de Chile, becoming its controller.
    • Merger of Banco de Chile and Banco de A. Edwards.
    • Partnership with Heineken, which acquires 50% of IRSA, the company that controls CCU.
    • Sale of Hotel Carrera in Santiago.
    • Sale of Lucchetti Chile S.A.
    • Purchase of Calaf through a joint venture with CCU.
    • Delisting of Quiñenco shares from the NYSE and end of its ADR program.
    • Alliance with Citigroup in the financial sector.
    • Merger of Banco de Chile and Citibank Chile.
    • Sale of Madeco’s cable unit to Nexans.
    • Sale of Quiñenco’s stake in Entel.


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    • Sale of 100% of Telefónica del Sur to GTD Manquehue.


    • Purchase of Shell assets in Chile.
    • Purchase of 20.6% stake in Compañía Sud Americana de Vapores S.A


    • The stake in CSAV increased to 37.44% and access to the same percentage of SM SAAM, a company created after the shipping firm’s division.


    • Quiñenco increases its ownership stake in Madeco to 65.9%.
    • Madeco splits to create Invexans, the company that administers the investment in Nexans, and another company called Madeco, for the flexible packaging and profile production units.
    • Enex acquires all Terpel assets in Chile for US$240 million.


    • Madeco changes its name to Tech Pack S.A. and shuts down the profile unit.
    • Techpack acquires the Chilean flexible packaging company HYC Packaging and sells the Madeco brand to Nexans for US$1 million.
    • Merger of CSAV and Hapag-Lloyd’s container shipping businesses. As part of the transaction, CSAV becomes Hapag-Lloyd’s shareholder with an initial stake of 30%.
    • Quiñenco launches a public tender offer to purchase 19.55% of Invexans shares.


    • Conclusion of the tender offer to purchase shares, whereby Quiñenco acquires 17.88% of Invexans, reaching participation of 98.3%.
    • Techpack purchases 24% of Alusa S.A.’s capital, thereby consolidating directly and indirectly 100% ownership in this subsidiary.
    • CCU sells brands and assets associated with Natur and Calaf products to Empresas Carozzi and partners with Carozzi to jointly develop the powdered juice business.
    • SM SAAM incorporates Terminal Internacional del Sur (TISUR) to its business portfolio.


    • Quiñenco purchases SM SAAM shares, reaching an ownership stake of 52.2%.
    • Techpack sells its entire flexible packaging business to the Australian group Amcor, upon completing the sale of Alusa S.A. and Inversiones Alusa S.A.’s shares for a net amount of US$216 million for Techpack.
    • Hapag-Lloyd and United Arab Shipping Company (UASC) sign a Business Combination Agreement. The joint entity will be one of the five largest container shipping companies in the world, with a total shipping capacity of 1.5 million TEU and joint annual sales for approximately US$12 billion.
    • SM SAAM signed an agreement with Sociedad Portuaria Regional de Buenaventura to acquire 51% of two concessions at Puerto Caldera, the largest Pacific coast terminal in Costa Rica and the second largest in terms of domestic cargo moved.
    • Quiñenco carries out a public tender offer for Techpack shares, reaching a 98.98% ownership stake in said company.


    • SM SAAM acquires a 51% ownership stake in two concessions at Puerto Caldera, the largest port on the Pacific coast of Costa Rica and the second largest in terms of domestic cargo moved.
    • The merger between Hapag-Lloyd and UASC is completed, placing Hapag-Lloyd as the fifth largest container shipping company in the world.
    • CCU increases its ownership stake in VSPT and launches a Public Share Purchase Offer, reaching a participation of 83% in early 2018.
    • CSAV divests 100% of its subsidiary Norgistics Chile. Through this transaction, CSAV ends its participation in the logistic and freight forwarder business in Chile.


    • CCU increases its ownership stake in Viña San Pedro Tarapacá (VSPT) to 83.01%, upon completing the public tender process started in 2017.
    • CCU increases its participation in Bebidas Bolivianas BBO from 34% to 51%.
    • Enex enters the United States market through the purchase of Road Ranger for US$289 million; Road Ranger is the fourth largest highway travel center network in that country.


    • SM SAAM sells its minority stake in Terminal Puerto Arica for US$12 million.
    • Through its subsidiary VSPT, CCU acquires wine business assets from Pernod Ricard Argentina, strengthening its position in the Argentine domestic market.
    • SM SAAM acquires Boskalis’ stake in tug boat joint ventures in Brazil, Canada, Mexico and Panama for US$194 million.
    • Quiñenco acquires a 5.3% stake in CSAV on the stock exchange, reaching a total of 61.5%.
    • CSAV increases its participation in the shipping company Hapag-Lloyd to 27.79% at year-end.
    • Quiñenco sells its stake in the insurance business through Inversiones Vita, Banchile Vida and SegChile to the multinational insurance company Chubb.


    • Banco de Chile – one of the leading private banks in Chile.
    • Compañía Cervecerías Unidas S.A. (CCU) – is a multi-category producer of alcoholic and non-alcoholic beverages with operations in Chile, Argentina, Uruguay, Paraguay, Bolivia and Colombia. The company holds license and/or distribution agreements with Heineken, PepsiCo, Seven-up, Schweppes, Nestlé S.A., Pernod Ricard, Promarca S.A. (Watt´s) and Coors. It has also developed its own brands, most notably the beers Cristal and Escudo, the soft drinks Bilz and Pap, and the wines of the VSPT Group (Viña San Pedro Tarapacá).
    • Invexans Ltd. – is the main shareholder of the multinational French company Nexans, which is one of the world’s largest producers of cables and technological solutions.
    • Empresa Nacional de Energía Enex S.A. (Enex) – is a fuel distributor and operator of convenience stores, with its parent company based in London, and operations in Chile, where it has the Shell license, in the United States and Paraguay. Enex also commercializes asphalts and chemical products.
    • Compañía Sudamericana de Vapores S.A. (CSAV) – develops its main business, containerized freight transport, through its interest in the German shipping company Hapag-Lloyd AG (Hapag-Lloyd). Hapag-Lloyd merged with United Arab Shipping Company (UASC) in 20017, thus becoming one of the world’s leading container ship companies.
    • Sociedad Matriz SAAM S.A. (SM SAAM) – is a multinational company based in Chile. With presence in 14 countries and over 80 ports, SM SAAM provides services to international trade through three main business areas: Port Terminals, Tug boats and Logistics services. It is considered one of the leading port operators in America, and one of the leading companies in the continent in the tug boat business.

       With more than 70,000 employees and a presence in 138 countries, Quiñenco S.A. is considered one of the largest and most diversified business conglomerates in Chile. According to Forbes, it is considered one of the Largest Public Companies in the World.

    *Information from,, and

    **Video published on YouTube by “Quiñenco“.



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