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Logo Grupo Quiñenco S.A.


Relevant Information

  • As of December 31, 2019

  • Quiñenco's interest: 61.5%
  • Book value of investment: Ch$1,024,267 million
  • Investment since: 2011
  • Employees: 41
  • Address

  • Hendaya 60, 14th floor, office 1401, Las Condes, Santiago - Chile
  • Telephone: (56) 22588 6000

Compañía Sudamericana de Vapores S.A. (CSAV) develops its main business, containerized freight transport, through its interest in the German shipping company Hapag-Lloyd AG (Hapag-Lloyd).

CSAV is an open-stock company that has traded its shares since 1893. Quiñenco first invested in CSAV in 2011, and holds a 61.5% stake as of December 2019. With 27.8% of the share capital as of December 31, 2019, CSAV is one of the largest shareholders of Hapag-Lloyd, maintaining significant influence and control jointly with the City of Hamburg and Kühne Maritime, under a shareholder agreement.

Hapag-Lloyd operates a global network of 121 line services with connections between all continents and 392 offices in 129 countries.

In May 2017, Hapag-Lloyd materialized a merger with United Arab Shipping Company (UASC), thus becoming one of the five main container ship companies worldwide. Due to the merger, CSAV’s stake in Hapag-Lloyd decreased to 22.6%, increasing to 27.8% at year end 2019.

During the first quarter of 2020, CSAV acquired an additional stake in Hapag-Lloyd, reaching 30.0% ownership.


in thousands of US dollars as of December 31 of each year
2018 2019
Sales 91,436 92,955
Operating income (loss) 3,700 (10,664)
Net income (loss) attributable to owners of the controller 18,248 124,616
Total assets 2,257,877 2,517,380
Total liabilities 127,674 293,193
Shareholder's equity attributable to owners of the controller 2,130,203 2,224,187

Assets by Business Area

US$2,517 million as of December 31, 2019