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Logo Grupo Quiñenco S.A.


Relevant Information

  • As of December 31, 2019

  • Quiñenco's interest: 30.0%
  • Book value of investment: Ch$397,729 million
  • Investment since: 1986
  • Employees: 8,961
  • Address

  • Vitacura 2670, 23rd Floor, Santiago - Chile
  • Telephone: (56) 22427 3000

Compañía Cervecerías Unidas S.A. (CCU) is a diversified producer of alcoholic and non-alcoholic beverages with operations in Chile, Argentina, Uruguay, Paraguay, Bolivia and Colombia. CCU also exports wine to over 80 countries. CCU is one of the largest players in each one of the beverage categories in which it participates in Chile, including beer, soft drinks, water (mineral, purified and flavored), energy and sports drinks, nectar, wine and pisco, among others.

CCU is the second-largest brewer in Argentina and also participates in the cider, spirits and wine industries. In Uruguay and Paraguay, the company is present in the beer, mineral and bottled water, soft drinks and nectar categories. In Bolivia, CCU participates in the beer, water, soft drinks and malt beverage categories, while in Colombia the company participates in the beer and malt industries. At the closing of 2019, 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).

Quiñenco participates in CCU through Inversiones y Rentas S.A., a company in which it has held an equal stake with the Dutch group Heineken since 2003. Together, both companies held 60.0% of the company as of December 31, 2019.

CCU has consolidated itself as a multicategory beverage company, with special emphasis on beer and nonalcoholic beverages, which is present in six countries of Latin America. In 2019, the company launched the strategic plan establishing new goals for the 2019-2021 period. Based on three pillars –profitability, growth and sustainability–, the new plan establishes objectives in six areas: profitable growth of its business units; strengthening of its brands; innovation; ExCCelencia CCU efficiency plan; comprehensive employee development; and implementation of its 2030 Environmental Vision.

CCU has close to 9,000 employees and annually produces around 30 million hectoliters of beverages, reaching around 300 thousand clients in Chile and Argentina.

CCU’s shares are traded on the Chilean stock exchanges Bolsa de Comercio de Santiago de Chile and Bolsa Electrónica de Chile. The company is registered with the Securities and Exchange Commission of the United States of America and trades its American Depositary Shares (ADS) on the New York Stock Exchange.


in millions of Ch$ as of December 31 of each year
2018 2019
Sales 1,783,282 1,822,541
Operating income 472,751 233,965
Net income attributable to owners of the controller 306,981 130,142
Total assets 2,405,865 2,353,691
Total liabilities 1,016,749 910,763
Shareholders' equity attributable to owners of the controller 1,280,127 1,328,054

Distribution of Revenues by Operating Segment

Ch$1,822,541 million as of December 31, 2019
*Percentages calculated over revenues excluding Other/Eliminations

EBITDA* by Operating Segment

Ch$335,829 million as of December 31, 2019*
* Percentages calculated over EBITDA excluding Other/Eliminations

Ownership Structure

as of December 31, 2019