December 22, 2006 – Santiago, Chile.
Quiñenco S.A. (LQ:NYSE) reported today the following significant information to the Chilean Superintendency of Securities and Insurance (SVS) :
In accordance with its investment policy of continuously seeking new business opportunities, Quiñenco has held conversations with Citigroup aimed at identifying projects in the financial services field which may be of mutual interest and which could eventually involve a strategic alliance with Quiñenco or subsidiary companies involved in the banking and financial services areas, including Banco de Chile.
At present, the conversations between Quiñenco and Citigroup are only at a preliminary stage, and they have not reached any type of agreement, binding or otherwise.
Quiñenco S.A., a leading Chilean business conglomerate, is the controlling entity of a portfolio of companies involved in financial services, food and beverage, telecommunications and manufacturing.