Quiñenco S.A is a

Chile Chile, officially the Republic of Chile, is a country in western South America. It is the southernmost country in the world and the closest to Antarctica, stretching along a narrow strip of land between the Andes, Andes Mountains and the Paci ...

-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 In finance, assets under management (AUM), sometimes called fund under management, refers to the total market value of all financial assets that a financial institution—such as a mutual fund, venture capital firm, or depository institutio ...

. 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 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 - bank (51.3%) * Compañía de las Cervecerías Unidas- beverage producer (60%) * TechPack- packaging manufacturer (65.9%) * CSAV- shipping line (55.2%) * SM SAAM — port and tug boat operator (42.4%) * ENEX- fuel (100%) * Nexans- cable manufacturer of which Quiñenco is main shareholder (28.6%) The Luksic Group’s mining and railway investments are managed by Antofagasta plc. 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 is the chairman of Quiñenco.

References

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