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Logo Grupo Quiñenco S.A.


Relevant Information

  • As of December 31, 2021

  • Quiñenco's interest: 66.5%
  • Book value of investment: Ch$2,741,876 million
  • Investment since: 2011
  • Employees: 13
  • 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 66.5% stake as of December 2021. With 30.0% of the share capital as of December 31, 2021, CSAV is one of Hapag-Lloyd’s main shareholders, maintaining significant influence and control jointly with the City of Hamburg and Kühne Maritime, under a shareholders’ agreement.

Hapag-Lloyd operates a global network of 126 liner services with connections between all continents and 421 offices in 137 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
2020 2021
Operating income (loss) (9,625) (23,066)
Non-operating income 287,922 3,200,170
Net income attributable to owners of the controller 222,145 3,210,077
Total assets 3,036,032 6,025,208
Total liabilities 313,100 1,142,539
Shareholder's equity attributable to owners of the controller 2,722,932 4,882,669

Assets by Business Area

US$6,025 million as of December 31, 2021