Quiñenco S.A is a

Chile Chile, officially the Republic of Chile, is a country in the western part of South America. It is the southernmost country in the world, and the closest to Antarctica, occupying a long and narrow strip of land between the Andes to the east a ...

-based company engaged in the investment in companies active in the industrial and financial sectors. It is one of Chile’s largest business conglomerates, with US$71 billion in assets under management. Founded in 1957 by Andrónico Luksic, Quiñenco is controlled by Chile’s Grupo Luksic. The Luksic family owns 81% of Quiñenco’s shares. The Luksic family is the 4th richest family in Latin America, according to a Forbes ranking. Andrónico Luksic Craig became chairman of the holding entity Quiñenco in 2013. He had first been appointed as a director at Quiñenco in 1978. Quiñenco has two joint ventures with Grupo Cartes in Paraguay, Bebidas del Paraguay through

Compañía de las Cervecerías Unidas CCU is a Chilean producer of diversified beverages founded in 1902. The company produces both alcoholic and non-alcoholic beverages, also operating in the food sector. They have operations in Chile, Argentina, Bolivia, Colombia, Paraguay, Uruguay ...

and Enex Paraguay through Enex.

Divisions

The Company's business is structured into six divisions: Financial Services, Beverage & Food, Manufacturing, Energy, Transport, and Port & Shipping Services. The group employs around 69,000 people in Chile and worldwide and its companies generated an aggregated sales revenue of US$20 billion in 2014. Major subsidiaries and associate companies that are part of the conglomerate, with percentage of equity participation: *

Banco de Chile Banco de Chile ( en, Bank of Chile), is a Chilean bank and financial services company with headquarters in Santiago. It is a commercial bank that provides a range of financial services to a client base. As of December 31, 2012, Banco de Chile ha ...

- bank (51.3%) *

- beverage producer (60%) * TechPack- packaging manufacturer (65.9%) *

CSAV CSAV (Compañía Sudamericana de Vapores) is a Chilean shipping company that is currently the largest company of its type in Latin America and also one of the oldest ones, having been founded in 1872. Originally, the company's business consisted ...

- shipping line (55.2%) * SM SAAM — port and tug boat operator (42.4%) * ENEX- fuel (100%) *

Nexans Nexans S.A. is a global company in the cable and optical fiber industry headquartered in Paris, France. The group is active in four main business areas: buildings and territories (construction, local infrastructure, smart cities / grids, e-mobil ...

- cable manufacturer of which Quiñenco is main shareholder (28.6%) The Luksic Group’s mining and railway investments are managed by

Antofagasta plc Antofagasta plc is a Chilean multinational. It is one of the most important conglomerates of Chile with equity participation in ''Antofagasta Minerals'', the railroad from Antofagasta to Bolivia, Twin Metals in Minnesota and other exploration j ...

. Quiñenco is listed on the Santiago stock exchange and other Chilean exchanges. Most Quiñenco operating companies are also listed in Chile. In addition, important Quiñenco subsidiaries such as Banco de Chile and CCU are listed on NYSE.

Governance

Since 2013,

Andrónico Luksic Craig Andrónico Mariano Luksic Craig (born 16 April 1954) is a businessman and chairman of Quiñenco, a holding of the Luksic Group, one of Chile's largest conglomerates. Biography Andrónico Luksic Craig is the eldest son of Andrónico Luksic and ...

is the chairman of Quiñenco.

References

{{DEFAULTSORT:Quinenco Companies based in Santiago Conglomerate companies established in 1957 Investment companies of Chile Chilean companies established in 1957 Companies listed on the Santiago Stock Exchange