The company reported that its subsidiary, Inmobiliaria Norte Verde, reached an agreement to sell its 66.3% stake in Inversiones Vita, Banchile Seguros de Vida and Segchile Seguros Generales to the multinational Chubb, which has already purchased the remaining 33.7% from unrelated companies. In all, Inmobiliaria Norte Verde will receive 1 million 335 thousand UF for […]
14 September, 2019 Download pdfPerformance is down 35% from the same period in 2018, mainly due to the effect of last year’s non-recurring gain from the early termination of CCU’s Budweiser license in Argentina, and weaker results from the French company Nexans. Amidst a complex international context, Hapag-Lloyd performed well, reversing its loss from the first half of […]
5 September, 2019 Download pdfThe executive becomes a member of the Board of Directors after over 30 years in the Luksic Group’s financial sector. Currently, he is also the Chairman of Banco de Chile and Viña San Pedro Tarapacá, and sits on the boards of CCU and Enex. The Chairman of Quiñenco’s Board of Directors, Andrónico Luksic Craig, […]
4 July, 2019 Download pdfThe Chairman of the Board of Directors, Andrónico Luksic Craig, expressed his “Deep regret for the passing of a man that devoted a great part of his life, all his talent and wisdom to build what is currently the Luksic Group, to create companies and to contribute to the country’s progress.” Quiñenco’s Chief Executive Officer, […]
29 June, 2019 Download pdfNet income amounted to Ch$55,814 million in March, mainly explained by strong performance from Hapag-Lloyd, the German shipping company that is the main asset of Compañía Sudamericana de Vapores. Quiñenco’s Chief Executive Officer, Francisco Pérez Mackenna, particularly highlighted the international expansion goals achieved during the last few months, including CCU’s inauguration of a new plant […]
29 May, 2019 Download pdfThe Chief Executive Officer of the Company stated that this year’s results, 66% higher than the previous year, “are proof of the continuous progress in the Company’s growth and expansion strategy, firmly anchored in the search for sustainable development as a core part of our business model”. In addition, he particularly highlighted the […]
29 April, 2019 Download pdfNet income amounted to Ch$180,430 million, mainly due to the recovery of CSAV, which reverted the impact of its dilution in Hapag-Lloyd in 2017, and to the gain generated at CCU due to the early termination of the Budweiser license in Argentina. Other highlights of the year were Enex’s entry to the United States market […]
27 March, 2019 Download pdfThis increase is explained by CSAV’s recovery, which reverted the impact of its dilution in Hapag-Lloyd after the merger with UASC, and by the gain obtained by CCU for the early termination of its Budweiser license in Argentina. Quiñenco’s Chief Executive Officer, Francisco Pérez Mackenna, acknowledged the value of these results and especially highlighted […]
28 November, 2018 Download pdfThis variation is mainly explained by the non-recurring gain recorded by CCU arising from the transaction related to the early termination of the Budweiser license in Argentina, and also to improved results at CSAV. The Chief Executive Officer, Francisco Pérez Mackenna, highlighted the recent announcement of ENEX’s entrance to the United States market, “a […]
6 September, 2018 Download pdfThe network is Road Ranger, with 38 travel centers along the main highways in the Midwest of the country, with presence in Texas, Illinois, Iowa, Indiana, Missouri and Wisconsin. Entry to the USA marks the beginning of Enex’s internationalization, after its consolidation in Chile as a relevant actor in the domestic market of fuel […]
24 August, 2018 Download pdfThe issue included two series: one for UF 2 million, structured with a seven-year term and a demand that reached 2.9 times the offer, at a rate of 1.70%; and another for UF 5 million, with a 29-year term and a total demand of 1.7 times the offer, at a rate of 3.03%. Banchile […]
20 June, 2018 Download pdfThis figure is 17% lower than that of the same period in the previous year, mainly due to lower results at Quiñenco’s corporate level, and decreased earnings at Enex. As of March this year, the highlights were the 21.8% growth of CCU’s profits and the positive trends of Banco de Chile, SM SAAM and […]
29 May, 2018 Download pdfAt the Shareholders’ Meeting Pérez Mackenna highlighted the results of Quiñenco and its subsidiaries in 2017, and stated that the purpose of internationalizing and diversifying investments is a “fundamental pillar of our development strategy”. Santiago, April 27, 2018. Francisco Pérez Mackenna, the Company’s Chief Executive Officer, reviewed the main milestones of Quiñenco and its […]
27 April, 2018 Download pdfSignificant progress in the investment in Hapag-Lloyd was achieved during this period, with the company showing positive results, while the French company Nexans doubled its profits. CCU and SM SAAM’s international businesses were also noteworthy and, at a local level, Banco de Chile’s performance. Although the profits in this period show a 39% decrease as […]
29 March, 2018 Download pdfAs material information, Invexans announced the incorporation of a new company in the British capital, particularly devoted to the analysis, performance and follow-up of international investments. Invexans also announced its financial statements as of December 31, 2017, with a net profit of US$36 million, significantly exceeding the figure of the previous year. Santiago, […]
19 March, 2018 Download pdfQUIÑENCO’S NET INCOME AMOUNTS TO Ch$65,456 MILLION AS OF SEPTEMBER 2017 During the first nine months of the year, the growth in results of the operating companies Nexans, Banco de Chile, CCU and SM SAAM was particularly noteworthy. The negative accounting impact on CSAV of its dilution in Hapag-Lloyd after the merger with UASC was reflected […]
27 November, 2017 Download pdfGrowth in the results of the operating companies Banco de Chile, Nexans, CCU and SM SAAM stands out during the period. Quiñenco’s profits decreased 51% as compared to the same period of the previous year, explained by the accounting impact on CSAV of its dilution in Hapag-Lloyd after the merger with UASC. Santiago, September […]
7 September, 2017 Download pdfMost of the Group’s companies reported positive results during the period, particularly Enex, Banco de Chile, CCU and CSAV. Santiago, May 29, 2017. Quiñenco recorded net income of Ch$44,240 million for the first quarter 2017, representing a 39.7% increase as compared to the previous year. This growth is mainly explained by the positive results […]
29 May, 2017 Download pdfAndrónico Luksic Craig: At the Shareholders’ Meeting, Quiñenco’s Chairman of the Board of Directors explained that the good results achieved in 2016 resulted from “growth in our profits thanks to our diversification worldwide, mainly Nexans’ contribution, after almost five years without receiving dividends from this investment”. Andrónico Luksic also reflected on the climate of distrust […]
28 April, 2017 Download pdfNet income reached Ch$176,902 million. Santiago, March 30, 2017. Quiñenco reported net income of Ch$176,902 million in 2016, representing an 83% increase as compared to the previous year. This growth is mainly explained by the positive result of the French multinational, Nexans, of which Quiñenco is a reference shareholder, with a 29.05% indirect ownership. The new […]
30 March, 2017 Download pdfLa operación tuvo una demanda de 2,1 veces la oferta. Destacó principalmente el interés de inversionistas institucionales. La serie se colocó a una tasa de 3,14% con vencimiento a 28 años y un spread de 120 puntos. Santiago, 14 de diciembre de 2016. Con gran éxito concretó Quiñenco este miércoles la colocación de bonos en […]
14 December, 2016 Download pdfResultado representa una disminución de 14%, que se explica fundamentalmente por las adversas condiciones de la industria naviera, que repercutieron en Hapag-Lloyd y CSAV. Destacaron los desempeños de Nexans, Techpack, Banco de Chile, SM SAAM y Enex. Santiago, 28 de noviembre de 2016. Quiñenco registró una ganancia neta de $103.300 millones en los primeros nueve […]
28 November, 2016 Download pdfTras el cierre de la OPA anunciada el 27 de septiembre, la matriz industrial del Grupo Luksic adquirió un 33,06%, con lo cual pasó a controlar directa e indirectamente el 98,98% de la propiedad de la compañía. El gerente general de la compañía, Francisco Pérez Mackenna, expresó que el buen resultado de la OPA refleja […]
5 November, 2016 Download pdfFrancisco Pérez Mackenna explicó que con la Oferta Pública de Adquisición de Acciones “los accionistas minoritarios de Tech Pack pueden ahora hacer efectiva la rentabilidad obtenida tras la venta de Alusa en abril pasado, o bien seguir acompañándonos en las inversiones que hagamos en el futuro”. Respecto del precio por acción, agregó que se trata […]
28 September, 2016 Download pdfResultado representa una disminución de 23,4%, que se explica fundamentalmente por las adversas condiciones de la industria naviera, que repercutieron en Hapag-Lloyd y CSAV. En un complejo escenario económico nacional y mundial, destacaron los desempeños de Nexans y Techpack en el semestre, en tanto que Banco de Chile y Enex mantuvieron una sólida posición. Santiago, […]
9 September, 2016 Download pdfLa operación obtuvo una demanda de 1,7 veces el total de la colocación y una tasa de 3,19%, la mejor lograda por un bono corporativo de este monto desde 2010. El gerente de Administración y Finanzas de la compañía, Luis Fernando Antúnez, aseguró que el resultado “refleja una vez más la confianza que el mercado […]
22 June, 2016 Download pdfResultado es inferior al reportado a marzo del 2015, por las condiciones adversas de la industria naviera. Mientras, en el período destacan el desempeño de los sectores bancario, cervezas y bebidas, manufacturero y de servicios portuarios. Santiago, 27 de mayo de 2016. Quiñenco registró una ganancia neta de $31.661 millones en el primer trimestre de […]
27 May, 2016 Download pdfEn el marco de la Junta de Accionistas de la compañía, Andrónico Luksic, aseguró que “todos los chilenos debemos y merecemos respeto”, dijo que los insultos sólo provocan destrucción y se alejan del espíritu constructivo que requiere hoy el país. El gerente general de Quiñenco, Francisco Pérez Mackenna, destacó que los positivos resultados alcanzados […]
29 April, 2016 Download pdfEl resultado es similar al del año anterior si se descuenta el efecto no recurrente obtenido en 2014, tras la fusión del negocio de portacontenedores de Compañía Sudamericana de Vapores con Hapag-Lloyd. El gerente general de Quiñenco, Francisco Pérez Mackenna, dijo que el desempeño de la empresa muestra que se “ha seguido fiel a […]
29 March, 2016 Download pdfMejor resultado se explica principalmente por el buen desempeño de CSAV, tras el profundo proceso de reestructuración iniciado con el ingreso de Quiñenco a su propiedad en 2011 y las primeras sinergias de la fusión con Hapag-Lloyd, concretada en diciembre pasado. Santiago, 26 de noviembre de 2015. Quiñenco registró una ganancia neta de $120.071 […]
26 November, 2015El mejor resultado se explica fundamentalmente por el aporte de CSAV, que revirtió las pérdidas de igual período del año anterior, debido al buen desempeño de Hapag-Lloyd, marcado por las primeras sinergias de la fusión. También contribuyeron los resultados de Banco de Chile, CCU, Enex y SM SAAM. Santiago, 29 de mayo de 2015. […]
29 May, 2015Andrónico Luksic encabezó por primera vez la Junta de Accionistas desde que asumió la presidencia del holding en 2013, destacando que “mantendremos los esfuerzos para que nuestras compañías y nuestras propias actitudes sigan fieles a nuestros valores y principios, y no den pie a ninguna otra clase de interpretación”. Sobre los plantes de la […]
29 April, 201506 de abril de 2015 – Santiago, Chile. Quiñenco S.A. informó hoy que su Directorio acordó proponer una distribución de dividendo definitivo de $119.731.311.041, equivalente a $72,00759 por acción. La propuesta se presentará a la Junta Ordinaria de Accionistas, que se celebrará a fines de abril de 2015. Durante la reunión celebrada el 2 de […]
6 April, 2015El incremento refleja fundamentalmente el resultado de la fusión del negocio de portacontenedores de CSAV y Hapag-Lloyd, después de un profundo proceso de reestructuración de la naviera chilena. Durante el período destacaron también los buenos resultados de Banco de Chile y Enex. Santiago, 30 de marzo de 2015. Quiñenco registró una ganancia neta de […]
30 March, 2015El holding informó que recibió órdenes de venta por 4.008.842.930 acciones de Invexans, representativas del 17,88% del capital accionario. De esta manera, Quiñenco pasará del 80,45% al 98,33% de la propiedad de Invexans. Santiago, 16 de enero de 2015. Quiñenco declaró exitosa la Oferta Pública de Adquisición de Acciones, efectuada por el 19,55% de […]
16 January, 2015Luego de crear tres nuevas gerencias en 2014, el directorio del holding definió hoy nuevas funciones para dos de sus ejecutivos principales, Felipe Joannon y Martín Rodríguez, quienes focalizarán desde ahora su trabajo en filiales del holding. Joannon se dedicará 100% a sus labores como presidente de SAAM y Techpack, y Rodríguez se incorporará […]
9 January, 2015A septiembre de 2014: Quiñenco Obtiene Ganancia Neta por $122.668 millones Resultado muestra un incremento de 18% en relación a los primeros nueve meses del año pasado y se explica principalmente por los buenos desempeños de Enex y Banco de Chile. Santiago, 28 de noviembre de 2014. Quiñenco anunció hoy resultados por $122.668 millones a […]
28 November, 2014En el primer semestre de 2014 Quiñenco Obtiene Utilidades por $58.240 millones En el período destacan el desempeño de Banco de Chile, Enex y Nexans, que revirtió sus pérdidas y obtuvo ganancias por 25 millones de euros. La ganancia neta del holding fue 22% menor comparada con la del primer semestre de 2013, principalmente por los […]
5 September, 2014Utilidades responden a los buenos resultados de la mayoría de las empresas filiales del grupo durante el período, y no incluyen una ganancia de $86.117 millones que se reflejó como un incremento patrimonial del holding, por la venta de acciones de Banco de Chile por parte de LQIF. Santiago, 30 de mayo de 2014. […]
30 May, 2014En el marco de la junta de accionistas del holding, Jean-Paul Luksic destacó la fortaleza y el avance registrado por Chile durante las últimas décadas y pidió “que se respete la disposición manifestada por la Presidenta de la República, en orden a someter a discusión las inquietudes respecto del proyecto de reforma tributaria, acogiendo […]
30 April, 201404 de abril de 2014 – Santiago, Chile. Quiñenco S.A. informó hoy que su Directorio acordó proponer una distribución de dividendo definitivo de $74.904.293.442, equivalente a $45,04818 por acción. La propuesta se presentará a la Junta Ordinaria de Accionistas, que se celebrará a fines de abril de 2014. Durante la reunión celebrada el 3 de […]
4 April, 2014Junto con la designación de Rodrigo Hinzpeter como nuevo gerente Legal y de Davor Domitrovic como abogado jefe de Quiñenco, el directorio de compañía aprobó la creación de tres nuevas gerencias para potenciar sus competencias ejecutivas. En un contexto donde la sustentabilidad, el medioambiente y las relaciones con el entorno adquieren más importancia, el […]
3 April, 2014SM SAAM, Madeco, CCU y las empresas del segmento financiero aumentaron su aporte a los resultados consolidados, basados en su crecimiento operacional. Destaca particularmente el segmento financiero cuya contribución al holding se elevó en 14% respecto de la registrada en 2012. Enex triplicó su resultado operacional, reflejando la incorporación de Terpel Chile en el segundo […]
28 March, 2014April 5, 2013 – Santiago, Chile. Quiñenco S.A. reported today that its Board of Directors has proposed a final dividend distribution of Ch$69,821,288,484 equivalent to Ch$51.92804 per share. The proposal will be put forth at the Company’s Ordinary Shareholders Meeting to be held at the end of April 2013. At the Board of Directors’ meeting, […]
5 April, 2013Quiñenco S.A. reported today that its Board of Directors has proposed a final dividend distribution of Ch$43,982,927,308 equivalent to Ch$32.71133 per share. The proposal will be put forth at the Company‘s Ordinary Shareholders Meeting to be held at the end of April 2012. At the Board of Directors‘ meeting, which was held on April 5, […]
5 April, 2012April 9, 2010 – Santiago, Chile. Quiñenco S.A. reported today that its Board of Directors has proposed a final dividend distribution of Ch$108,780,351,255 equivalent to Ch$95.03972 per share. The proposal will be put forth at the Company’s Ordinary Shareholders Meeting to be held at the end of April 2010. At the Board of Directors’ meeting, […]
9 April, 2010March 6, 2009 – Santiago, Chile. Quiñenco S.A. reported today that its Board of Directors has agreed to propose a final dividend distribution of Ch$69,819,244,275 equivalent to Ch$61.00 per share. The proposal will be put forth at the Company’s General Ordinary Shareholders Meeting to be held at the end of April 2009. At the Board […]
6 March, 2009On April 10, 2007, Quiñenco announced an extraordinary shareholders’ meeting to be held on April 27, 2007 in order to propose a capital increase of Ch$55,000 million. Likewise, on April 12, 2007, Quiñenco’s subsidiary, Banco de Chile, announced that its Board of Directors had called an extraordinary shareholders’ meeting for May 17, 2007 in order […]
10 April, 2007April 2, 2007 – Santiago, Chile. Quiñenco S.A. (LQ:NYSE) reported today to the Chilean Superintendency of Securities and Insurance (SVS) that it had filed Form 15 with the Securities and Exchange Commission (SEC) of the United States. As a result, all reporting obligations with the SEC are immediately suspended by virtue of the company having […]
2 April, 2007March 2, 2007 – Santiago, Chile. Quiñenco S.A. (LQ:NYSE) reported today that its Board of Directors has proposed a final dividend distribution of Ch$17,112,886,891, equivalent to Ch$15.84908 per share. The proposal will be put forth at the Company’s General Ordinary Shareholders Meeting to be held at the end of April 2007. At the Board of […]
2 March, 2007January 11, 2007 – Santiago, Chile. Quiñenco S.A. (LQ:NYSE) reported today the following significant information to the Chilean Superintendency of Securities and Insurance (SVS): With respect to the conversations held between Quiñenco and Citigroup, which sought to establish a strategic association of their respective financial businesses and were earlier reported on December 22, 2006 to […]
11 January, 2007December 28, 2006 – Santiago, Chile. Quiñenco S.A. (LQ:NYSE). As previously announced on November 16, 2006, Quiñenco’s Board of Directors at its meeting on November 16, 2006 resolved to terminate Quiñenco’s ADR program with The Bank of New York, as depositary, delist its ADSs from the New York Stock Exchange (NYSE) and eventually pursue deregistration […]
28 December, 2006December 22, 2006 – Santiago, Chile. Quiñenco S.A. (LQ:NYSE) reported today the following significant information to the Chilean Superintendency of Securities and Insurance (SVS) : In accordance with its investment policy of continuously seeking new business opportunities, Quiñenco has held conversations with Citigroup aimed at identifying projects in the financial services field which may be […]
22 December, 2006November 16, 2006 – Santiago, Chile. Quiñenco S.A. (LQ:NYSE) announced that its Board of Directors at its meeting today resolved to terminate Quiñenco’s ADR program with the Bank of New York, as depositary, delist its ADSs from the New York Stock Exchange (NYSE) and eventually pursue deregistration with the Securities and Exchange Commission (SEC). It […]
16 November, 2006March 3, 2006 – Santiago, Chile. Quiñenco S.A. (LQ:NYSE) reported today that its Board of Directors has proposed a final dividend distribution of Ch$15,600,009,080, equivalent to Ch$14.44793 pesos per share. The proposal will be put forth at the Company’s General Ordinary Shareholders Meeting to be held at the end of April 2006. At the Board […]
3 March, 2006September 2, 2005 – Santiago, Chile. Quiñenco S.A. (LQ:NYSE) reported the following information today to the Chilean Superintendency of Securities and Insurance (SVS): 1) Quiñenco’s Board of Directors have signed a commitment letter with Deutsche Bank whereby Deutsche Bank will subscribe to 50% of the preferential rights that correspond to Quiñenco’s interest in the future […]
2 September, 2005March 16, 2005 – Santiago, Chile. Quiñenco S.A. (LQ:NYSE) reported to the Chilean Superintendency of Securities and Insurance (SVS) the following significant information today: Inversiones Río Azul S.A. (“Río Azul”), a wholly-owned subsidiary of Quiñenco and Consorcio Financiero S.A. (“Concorcio Financiero”) have made a positive evaluation of the new conditions of the tender offer (“the […]
16 March, 2005March 16, 2005 – Santiago, Chile. Quiñenco S.A. (LQ:NYSE) reported today that its Board of Directors has proposed a final dividend distribution of Ch$14,011,625,044, equivalent to Ch$12.97685 pesos per share. The proposal will be put forth at the Company’s General Ordinary Shareholders Meeting to be held on April 29, 2005. At the Board of Directors’ […]
16 March, 2005March 7, 2005- Santiago, Chile. Quiñenco S.A. (LQ:NYSE) reported to the Chilean Superintendency of Securities and Insurance (SVS) today that Quiñenco S.A, through its subsidiary, Inversiones Río Azul S.A., Consorcio Financiero S.A. and Parque Arauco S.A, (together the Offerers), are launching a tender offer for 27.3% of the outstanding shares of Almacenes Paris, one of […]
7 March, 2005November 5, 2004- Santiago, Chile. Quiñenco S.A. (LQ:NYSE) reported to the Chilean Superintendency of Securities and Insurance (SVS) today on the outcome of its Extraordinary Shareholders’ Meeting held earlier in the day. Shareholders voted to reduce the number of board members of the company from nine to seven. Since this required a modification of the […]
5 November, 2004October 12 2004- Santiago, Chile. Quiñenco S.A. (LQ:NYSE) reported to the Chilean Superintendency of Securities and Insurance (SVS) today that the Board of Directors have called an extraordinary shareholders’ meeting for November 5, 2004. The purpose of the shareholders’ meeting will be to reduce the number of directors of the company from the present nine […]
12 October, 2004October 5, 2004- Santiago, Chile. Quiñenco S.A. (LQ:NYSE) reported to the Chilean Superintendency of Securities and Insurance (SVS) today that it had completed the acquisition of 68,489,407 shares of Almacenes Paris, one of Chile’s largest retail department store chains. Quiñenco and its wholly-owned subsidiary, Inversiones Rio Azul S.A., acquired 100% of Nahuel S.A., direct owner […]
5 October, 2004September 7, 2004- Santiago, Chile. Quiñenco S.A. (LQ:NYSE) reported to the Chilean Superintendency of Securities and Insurance (SVS) today that its Board of Directors had approved the creation of a wholly-owned subsidiary, Río Azul S.A. Initial capital of Río Azul S.A. will be Ch$2 bln (equivalent to approximately US$3.2 mln). Quiñenco, in its communication to […]
7 September, 2004August 18, 2004- Santiago, Chile. Quiñenco S.A. (LQ:NYSE) reported to the Chilean Superintendency of Securities and Insurance (SVS) today that it had entered into an agreement to purchase 68,489,407 shares of Almacenes Paris, one of Chile’s largest retail department store chains. The shares, which are traded on the Santiago Stock Exchange (Paris), are being acquired […]
18 August, 2004March 26, 2004 – Santiago, Chile. Quiñenco S.A. (LQ:NYSE) reported today that its Board of Directors has proposed a final dividend distribution of Ch$6,703,101,992, equivalent to Ch$6.20807 pesos per share. The proposal will be put forth at the Company’s General Ordinary Shareholders Meeting to be held on April 30, 2004. At the Board of Directors […]
26 March, 2004December 23, 2003 – Santiago, Chile. The Board of Directors of Quiñenco S.A.. (LQ:NYSE) approved on December 22, 2003, the distribution of an interim dividend of Ch$11.24745 per share (Ch$112.4745 per ADR). The total dividend distribution which amounts to Ch$12,144,322,552, will be charged against 2003 net earnings and is equivalent to 30% of net earnings […]
23 December, 2003December 22, 2003 – Santiago, Chile. Quiñenco S.A. (LQ:NYSE) announced today that its 93.7% -owned subsidiary, Empresas Lucchetti S.A., had signed a Memorandum of Understanding (MOU) with Corpora Tresmontes S.A. to sell 100% of its outstanding shares in Lucchetti Chile S.A. The transaction includes the sale of Lucchetti Chile’s ongoing businesses as well as other […]
22 December, 2003October 7, 2003 – Santiago, Chile. Quiñenco S.A. (LQ:NYSE) announced that on October 16, 2003, it will host “Quiñenco Group Day at the New York Stock Exchange”. The event will feature presentations from several group companies including: . Quiñenco S.A. (NYSE: LQ) Francisco Pérez Mackenna, Chief Executive Officer . Banco de Chile (NYSE: BCH) Pablo […]
7 October, 2003August 19, 2003 – Santiago, Chile. Quiñenco S.A. (LQ:NYSE) announced the appointment of Bank of New York as successor to Citibank N.A. for its sponsored ADR program, effective today. The transfer of depositaries will be carried out without any interruption to the holders of Quiñenco’s ADRs. Quiñenco S.A., a leading Chilean business conglomerate, is the […]
19 August, 2003April 21, 2003 – Santiago, Chile. Quiñenco S.A. (LQ:NYSE) informed the Superintendency of Securities and Insurance (SVS) on Thursday, April 17 (by fax after trading hours) that the Schorghuber Group has given Quiñenco formal notice of the sale of its shares in FHI Finance Holding International B.V. to Heineken Americas B.V., a subsidiary of Heineken […]
21 April, 2003April 10, 2003 – Santiago, Chile. Quiñenco S.A. (LQ:NYSE) informed the Superintendency of Securities and Insurance (SVS) today that its wholly-owned subsidiary, Hidroindustriales Overseas Company, had obtained a US$19 million loan from Andsberg Finance Corporation Ltd., a financial entity organized under the laws of Bermuda, related to Quiñenco’s controlling shareholder, Mr. Andrónico Luksic Abaroa. The […]
10 April, 2003January 14, 2003 – Santiago, Chile. Quiñenco S.A. (LQ:NYSE) reported today to the Chilean Superintendency of Securities and Insurance (SVS) the following significant information with respect to its investment in CCU: On January 13, 2003, Quiñenco and its joint venture partner in Inversiones y Rentas (IRSA), the Schorghuber Group, agreed to put an end to […]
14 January, 2003October 24, 2002 – Santiago, Chile. Quiñenco S.A. (LQ:NYSE) reported today to the Chilean Superintendency of Securities and Insurance (SVS) the effect its (indirect) investments in Latin American have had on the Company’s financial results for the nine months ended September 30, 2002. Quiñenco, as a holding company, is exposed to the economies of Argentina, […]
24 October, 2002June 3, 2002 – Santiago, Chile. Quiñenco S.A. (LQ:NYSE) informed today that its wholly-owned subsidiary, LQIF, had prepaid a two-year note granted by the ex – controlling shareholders of Banco de Chile, originally scheduled to become due in March of 2003. The obligation, which was incurred as part of the financing of Banco de Chile […]
3 June, 2002May 29, 2002 – Santiago, Chile Quiñenco S.A. (LQ:NYSE) informed the Superintendency of Securities and Insurance today that its wholly-owned subsidiary, LQIF, had obtained a US$70 million loan from a company related to the Luksic Group, Quiñenco’s controlling shareholders. The loan, which was carried out at arms’ length and is in line with current market […]
29 May, 2002May 3, 2002 – Santiago, Chile. Quiñenco S.A. (LQ:NYSE) will pay a dividend of Ch$5.74560 per share corresponding to the distribution of 2001 net income, on or after May 9, 2002 to shareholders on record as of May 3, 2002. The dividend, which was approved at the Annual Shareholders’ Meeting held on April 30, 2002, […]
3 May, 2002March 21, 2002 – Santiago, Chile. Quiñenco S.A. (LQ:NYSE) reported today that its Board of Directors has proposed a dividend per share of Ch$5.75 pesos, equivalent to 40% of 2001 net profit. The proposal will be put forth at the Company’s General Ordinary Shareholders Meeting to be held in April 2002. At the Board of […]
21 March, 2002March 13, 2002 – Santiago, Chile. Quiñenco S.A. (LQ:NYSE) reported today to the Chilean Superintendency of Securities and Insurance (SVS) the effects of the Argentine crisis on its financial results as of December 31, 2001. Quiñenco, as a holding company, is exposed to the continuing economic crisis and currency devaluation in Argentina through its 56.1%-owned […]
13 March, 2002December 19, 2001 – Santiago, Chile. Quiñenco S.A. (LQ:NYSE) filed today with the Chilean Superintendency of Securities and Insurance (Superintendencia de Valores y Seguros) the following report of a material development with respect to its interest in Compañía Cervecerías Unidas S.A. (CCU): On June 8, 2001, Quiñenco informed Chilean regulatory authorities that it had initiated […]
19 December, 2001August 20, 2001 – Santiago, Chile. Quiñenco S.A. (LQ:NYSE) announced today that it was divesting its 39% interest in Plava Laguna, a tourist resort located on the Adriatic coast in Croatia, for US$29.6 million. Quiñenco’s stake in Plava Laguna was sold to Sutivan Investments Limited, a Luksic family company. The pretax gain on sale is […]
20 August, 2001August 8, 2001 – Santiago, Chile. Quiñenco S.A. (LQ:NYSE) reported that its subsidiaries, Banco de Chile and Banco de A. Edwards, intend to merge operations, subject to obtaining the necessary approvals by the local banking authorities and the shareholders of each institution. The proposal to merge the banks was made by the banks’ respective Board […]
8 August, 2001August 1, 2001 – Santiago, Chile. Quiñenco S.A. (LQ:NYSE) announced that its subsidiary Inversiones Hidrosur S.A. has sold 9,460,948 shares of its interest in Empresa Nacional de Telecomunicaciones S.A. (“ENTEL”) for Ch$4,800 per share, or a total of US$67.9 million. As a result of this transaction, Quiñenco S.A. will recognize a gross profit of approximately […]
1 August, 2001June 8, 2001 – Santiago, Chile. Quiñenco S.A. (LQ:NYSE) announced that it had initiated legal action against its joint venture partner in Inversiones y Rentas, the investment company which holds over 61% of the property of CCU. This action is in response to the entrance of Heineken into the property of IRSA, announced in February […]
8 June, 2001May 18, 2001 – Santiago, Chile. Quiñenco S.A. (LQ:NYSE) announced that its subsidiary Inversiones Hidrosur Limitada has sold 9,460,000 shares of its interest in Empresa Nacional de Telecomunicaciones S.A. (“ENTEL”) for Ch$4,500 per share, or a total of US$70.9 million. As a result of this transaction, Quiñenco S.A. will recognize a gross profit of Ch$25,000 […]
18 May, 2001February 23, 2001 – Santiago, Chile. Quiñenco S.A. (LQ:NYSE) announced that it unequivocably opposes any joint venture between Bayerische Brau Holding AG (Paulaner) and Heineken N.V. that would result in Heineken’s ownership in CCU through Inversiones y Rentas S.A.. Inversiones y Rentas S.A. is the holding vehicle, held 50% by Quiñenco and 50% by Paulaner, […]
23 February, 2001February 14, 2001 – Santiago, Chile. Quiñenco S.A. (LQ:NYSE) announced that its 87%- owned subsidiary, Empresas Lucchetti S.A., signed an agreement with Molinos Rio de la Plata S.A. to sell its Argentine-based operations for approximately US$44.7 million. The transaction is subject to approval by the Argentine anti-trust authorities. Proceeds from the sale will be used […]
14 February, 2001December 15, 2000 – Santiago, Chile. Quiñenco S.A. (LQ: NYSE), a leading Chilean business conglomerate, signed an agreement last night to acquire a controlling interest in Banco de Chile, one of the country’s largest and most respected financial institutions for US$541 million. The agreement was reached between Quiñenco and Banco de Chile’s controlling shareholder pact, […]
15 December, 2000December 6, 2000 – Santiago, Chile. Quiñenco S.A. (LQ:NYSE) responded today to inquiries made by the Chilean Superintendency of Securities and Insurance as to whether or not it is contemplating increasing its current 12.3% stake in Banco de Chile. The inquiry followed the abrupt increase in Banco de Chile’s and SM Chile’s stock price Monday. […]
6 December, 2000