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Logo Grupo Quiñenco S.A.


Relevant Information

  • As of 31 December 31, 2019

  • Quiñenco's interest: 99.4%
  • Book value of investment: Ch$295,627 million
  • Investment since: 1980
  • Employees: 5
  • Address

  • Enrique Foster Sur 20, 12th Floor, suite 1202, Las Condes, Santiago - Chile
  • Telephone: (56) 22750 7393

Invexans manages Quiñenco’s interest in the multinational French company Nexans, one of the largest cable producers worldwide. As of December 2019 it owns a 28.50% stake, thus being a long term and reference shareholder. Quiñenco's subsidiary Techpack has a 0.53% stake in Nexans, thus in all, Quiñenco's stake at year end 2019 was 29.02%.

Invexans, controlled by Quiñenco (with 99.4% of the company as of December 31, 2019), adopted this name in March 2013, after Madeco divided its industrial businesses (flexible packaging, brass mills, and profiles) from its investment in Nexans, with the aim to better focus management’s efforts. Its investment in the French multinational dates back to 2008. Since then, and given the firm conviction in the business developed by Nexans, Invexans has concentrated on consolidating its participation and contributing to the development and growth of the company.

Invexans is represented on Nexans’ Board by three members, and also has a member on the Compensations, Designations and Corporate Governance Committee, the Strategy and Sustainable Development Committee, and on the Accounts, Audit and Risk Committee.

On April 9, 2018, Invexans set up a subsidiary in the United Kingdom, Invexans Ltd (Invexans UK), for the prospecting, analysis and development of new businesses and the execution and follow-up of already existing investments in foreign countries. Consolidating investments in a single vehicle seated in the English capital provides flexibility and administrative advantages, such as fewer trips and meetings in different countries in addition to financial efficiencies. Within this context, all Nexans’ shares held directly by Invexans were transferred to Invexans UK in 2018.

Invexans has thus consolidated a significant influence on one of the leading actors in the cable industry worldwide, that manufactures high value added products, dedicates significant resources to research and development, and counts with relevant global exposure. Nexans employs over 25,000 people and its consolidated sales were €6,735 million in 2019.

During April 2020, Invexans added Enex, a company that operates the fuel and lubricant distribution businesses and convenience stores in Chile, the United States and Paraguay, to its portfolio. At the Extraordinary Shareholders’ Meeting held on March 23, 2020, the merger of Invexans with Inversiones Río Argenta, which owns almost all of Enex's shares, was approved. This operation allows Invexans to strengthen its investment portfolio and facilitates Enex's global expansion.

Invexans’ shares are traded on the Chilean stock market. Nexans’ shares are traded on Euronext Paris.


in thousands of US dollars as of December 31 of each year
2018 2019
Sales 31 74
Operating income (loss) (7,779) (3,102)
Non-operating results (5,371) (43,022)
Net income (loss) attributable to owners of the controller (13,380) (46,242)
Total assets 469,125 420,213
Total liabilities 23,174 22,906
Shareholders' equity attributable to owners of the controller 445,951 397,307

Ownership Structure

as of December 31, 2019