Quiñenco
| Quiñenco SA | |
|---|---|
| legal form | SA |
| ISIN | CLP7980K1070 |
| founding | 1957 |
| Seat |
Las Condes , Chile
|
| management |
|
| Number of employees | 68,000 |
| sales | 24.4 billion US dollars |
| Branch | Conglomerate |
| Website | www.quinenco.cl |
| As of December 31, 2015 | |
Quiñenco is one of the largest corporate conglomerates in Chile specializing in investing in companies in the industrial and financial sectors. Quiñenco was founded in 1957 by Andrónico Luksic Abaroa and belongs to the Luksic Group.
The holding company is listed on the Santiago Stock Exchange and the Luksic family holds 81% of it. According to a ranking by the Forbes business magazine , the Luksic family is the richest family in Chile. Andrónico Luksic Craig has been Chairman of the Board of Directors of Quiñenco since 2013.
Companies
The company has six business areas: Financial Services, Beverage & Food, Industry, Energy, Transportation, and Ports & Maritime. It employs around 68,000 people in Chile and around the world, and its operating companies generated sales of over US $ 24.4 billion in 2015 .
Important subsidiaries with a percentage of Quiñenco's equity stake are:
- Banco de Chile (51.1%) - Chile’s most profitable bank
- Inversiones y Rentas SA - joint venture with Heineken, holds 60% of Compañía de Cervecerías Unidas , the largest beer producer in Chile
- TechPack (65.9%) - packaging manufacturer, one of the oldest industrial groups in Chile
- CSAV (56%) - formerly the largest shipping company in Latin America, largest shareholder in the shipping company Hapag-Lloyd
- SM SAAM (50.8%) - number 1 among the port operators in Latin America and number 4 among tugboat services worldwide
- Nexans (28.8%) - the world's leading cable manufacturer
- Enex (100%) - second largest fuel supplier in Chile
In the 2000s, the value of Quiñenco assets increased 10 times. Low debt enabled the company to invest in new business areas. Quiñenco has partnerships with international corporations. Examples are the cooperation of the subsidiary CCU for food and beverages with Heineken , Nestlé and Pepsi , the cooperation of Banco de Chile with Citibank and the cooperation with Shell at ENEX, the number 2 among Chile's petrol station chains.
Individual evidence
- ↑ Management Team ( Memento of the original from March 15, 2016 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ a b c Annual Report 2015 (Spanish)
- ↑ http://www.forbes.com/profile/iris-fontbona/
- ↑ Quiñenco ( Memento of the original from November 25, 2016 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. , As of June 30, 2016.
- ↑ Quiñenco Group ( Memento of the original from November 25, 2016 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ - ( Memento of the original from May 6, 2016 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ CCU 2015 Form 20-F Report , accessed May 28, 2017
- ↑ http://www.transportjournal.com/de/home/news/artikeldetail/csav-concludes-capital-increase.html
- ↑ - ( Memento of the original from June 6, 2014 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
