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Logo Grupo Quiñenco S.A.

65 years developing enterprises in Chile and in the world.

1960 – 1969
1970 – 1979 Purchase of Hoteles Carrera S.A.
1980 – 1989
1990 – 1999
2000 – 2009


Forestal Quiñenco S.A. created to exploit eucalyptus forests to produce wood props for underground tunnels.

1960 – 1969

• Purchase of Forestal Colcura S.A.
• Acquisition of Empresas Lucchetti S.A.

1970 – 1979

1980 – 1989

• Purchase of shares in Banco O’Higgins and Banco Santiago.
• Control of Manufacturas de Cobre S.A. (Madeco) is acquired.
• Control over Compañía de Cervecerías Unidas S.A. (CCU), in alliance with the German group Schörghuber, is acquired.
• Purchase of a majority stake in the telecommunications company VTR S.A.

1990 – 1999

• Creation of OHCH in alliance with Banco Central Hispanoamericano.
• Strategic alliance with SBC Communications Inc. to boost VTR.
• OHCH takes control of Banco Santiago.
• Quiñenco is established as the financial and industrial parent company of the Luksic Group.
• Quiñenco makes a Public Share Offering on the New York and Santiago stock exchanges, raising US$279 million.
• VTR divests Startel S.A., a mobile telephone company, and VTR Larga Distancia S.A.
• Creation of Habitaria S. A . with the Spanish construction firm Ferrovial Inmobiliaria.
• Sale of stake in the banking sector holding company
OHCH, after which 51.2% of Banco de A. Edwards and 8% of Banco de Chile were acquired.
• Sale of VTR Cable.
• Acquisition of a 14.3% stake in Entel S.A.

2000 – 2009

•Creation of LQ Inversiones Financieras S.A. (LQIF), as a subsidiary of Quiñenco.
• Acquisition of 52.7% of the voting rights in Banco de Chile, becoming its controller.
• Sale of 39.4% of the ownership stake held in Plava Laguna d.d., tourist resort on the coast of Croatia.
• Merger of Banco de Chile and Banco de A. Edwards.
• Partnership with Heineken, which acquires 50% of IRSA, the company that controls CCU.
• Sale of Hotel Carrera in Santiago.
• Sale of Lucchetti Chile S.A.
• Purchase of Calaf through a joint venture with CCU.
• Acquisition of 11.4% of Almacenes París, stake that was later sold.
• Delisting of Quiñenco shares from the NYSE and end of its ADR program.
• Alliance with Citigroup in the financial sector.
• Ch$65 billion capital increase at Quiñenco.
• Merger of Banco de Chile and Citibank Chile.
• Sale of Madeco’s cable unit to Nexans. As part of the operation, Madeco obtains an 8.9% stake in the French company.
• Sale of Quiñenco’s stake in Entel.


•Acquisition of Shell's assets in Chile (Enex).
•Purchase of 20.6% of Compañía Sud Americana de Vapores S.A. (CSAV) and subsequent increase to 37.44% and access to the same percentage of SM SAAM, a company spun off from the shipping company in 2012. Successive increases in Quiñenco's shareholding in CSAV to 61.5%.
•Division of Madeco to create Invexans to manage the investment in Nexans, and a new company, under the name of Madeco, for the flexible packaging and profiles units.
•Acquisition of Terpel's assets in Chile by Enex for US$240 million.
•Change of corporate name from Madeco S.A. to Tech Pack S.A. (Techpack). Sale of Madeco brand to Nexans and acquisition of HYC Packaging by Techpack.
•SM SAAM and Dutch group Boskalis start joint operations in tug boats in Mexico, Brazil, Panama and Canada.
•Purchase by CCU of stake in Bebidas Bolivianas S.A. and joint operating agreement with Postobón in Colombia.
•Merger of CSAV’s container shipping businesses with Hapag-Lloyd. As part of this transaction, CSAV receives an initial stake of 30% of Hapag-Lloyd. After capital increases, CSAV remains the largest shareholder with 25.5%.
•Quiñenco's shareholding in Invexans increases to 98.3% at the end of a public tender offer, through which it acquires 17.88% of Invexans.
•IPO of Hapag-Lloyd AG in Germany, raising US$300 million. CSAV subscribes US$30 million, reducing its stake to 31.35%.
•Sale of Techpack's flexible packaging business to the Australian group Amcor for a net value of US$216 million.
•SM SAAM acquires 51% of two concessions in Puerto Caldera in Costa Rica for US$48.5 million. Sale of SM SAAM's interest in Tramarsa (Peru) for US$124 million.
•Hapag-Lloyd's merger with UASC makes it the world's fifth largest container shipping liner.
•CCU's agreement with AB InBev for a trademark swap in Argentina and payments of up to US$400 million over three years for the early termination of the Budweiser license. In addition, CCU acquires, through its subsidiary VSPT, Pernod Ricard Argentina's wine assets.
•Invexans creates a subsidiary in the United Kingdom, to which it transfers all of its Nexans shares, equivalent to 28% ownership.
• Enex enters the US market by acquiring Road Ranger, the fourth largest network of travel centers in the United States for US$289 million.
•SM Chile pays the total balance of the subordinated debt held by its subsidiary SAOS with the Chilean Central Bank.
•SM SAAM acquires Boskalis’ stake in the operations run jointly for US$194 million, thus reaching 100% ownership of the operations in Mexico, Brazil, Panama and Canada.
•Quiñenco sells its entire stake in the insurance business (Inversiones Vita, Banchile Vida and SegChile) to the multinational insurance company Chubb for approximately Ch$35.9 billion.


•Invexans merges with Enex's parent company, Inversiones Rio Argenta, to strengthen Invexans' portfolio and facilitate Enex's international expansion.
•CSAV closes its car carrier business, increases its stake in the German shipping company Hapag-Lloyd to 30.0% and raises US$350 million through a capital increase to refinance acquisitions. Quiñenco increases its stake in CSAV to 66.5%.
•SM SAAM reaches 100% ownership of Aerosan after purchasing the 50% held by American Airlines for US$32 million. It also acquires 70% of Intertug, a towage company in Colombia, Mexico and Central America, for US$49.7 million.
•IRSA increases its stake in CCU from 60.0% to 65.9%, after successfully completing a public tender offer in Chile and the U.S., in addition to a previous stock market purchase.
•After ten years, Quiñenco receives dividends from CSAV, following Hapag-Lloyd's good results.
•SM SAAM strengthens its presence in Peru by acquiring Ian Taylor's towage operations at the ports of Callao and Paita, and in Canada, by acquiring Standard Towing Ltd. and Davies Tugboats Ltd. It also signs an agreement with the Brazilian company Starnav to acquire 17 tug boats for US$150 million and another 4 under construction for US$48 million.
• CCU announces the acquisition of 49% of Aguas Danone Argentina, including its mineral water, flavored water and powdered juice businesses.
•SM SAAM signs a binding agreement with Hapag-Lloyd to sell its port terminals and inland logistics businesses for US$1 billion.
•Enex opens the 45th travel center of its Road Ranger chain in the United States.
•Nexans acquires Centelsa, a cable producer based in Colombia, from the Mexican group Xignux, and signs an agreement to acquire Reka Cables, a manufacturer of low- and medium-voltage cables in Finland.