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Since its founding in 1957, Quiñenco has evolved to become one of Chile’s largest and most diversified business conglomerates. Today, it manages assets totaling approximately US$101.9 billion, through its ownership interests in leading companies across various sectors of the economy, employing over 76,500 people in more than 140 countries.

Quiñenco’s value creation model is based on the excellence of its investment management. Maintaining control over the administration of its companies—either directly or through strategic partnerships—is a key component of the execution of its corporate strategy.

Over the past 27 years, the holding company has proven its ability to generate value through the growth of its portfolio companies and the profits obtained from corporate-level transactions. These results have been reflected in its share price performance and the steady flow of dividends delivered to shareholders.

This strategic approach, combined with efficient management and a long-term vision, has allowed Quiñenco to maintain its position as one of the leading economic players in the country and the region.

The Luksic Group currently controls 83% of Quiñenco. The remaining percentage is held by minority shareholders. As of December 31, 2024, its market capitalization was US$5.5 billion.

Main companies of the Quiñenco Group

Business 1% Ownership¹ Market Capitalization¹ Product Ranking (2024)
Financial Services
Banco de Chile
51,2%²
(in alliance with Citigroup)
US$11.5 billion
Loans
Deposits
2
1
Beverage
CCU
65,9%
(in alliance with Heineken)
US$2.1 billion
Chile (beer, non-alcoholic beverages and spirits)
International Business (beer, cider, non-alcoholic beverages, spirits and water in Argentina, Uruguay, Paraguay and Bolivia)
Wine
Manufacturing
NEXANS
14,2%
US$4.7 billion
Cables (Worldwide)
2
Energy
Enex
100%
US$970 million³
Fuels
Service Stations
2
2
Transport
CSAV
Hapag-Lloyd
66,5%
30,0%⁴
US$2.8 billion
US$28.0 billion
Container Ship Liner (Worldwide)
5
Port Services
SM SAAM
62,6% 
US$1.0 billion
Tug Boats (America)
1

1 As of December 31, 2024.
2 Corresponds to LQIF’s stake in Banco de Chile.
3 Energy segment book value as of December 31, 2024.
4 Percentage held by CSAV.

Download the Corporate Structure

Key Figures

In millions of Chilean pesos as of December 31 of each year

2023 2024
Total assets
69,348,511 66,625,714
Total liabilities
54,164,813 49,744,509
Total equity
15,183,698 16,881,205
Consolidated industrial sector net income
731,513 483,642
Consolidated banking sector net income
1,244,113 1,211,163
Consolidated net income
1,975,626 1,694,805
Net income attributable to owners of the controller
841,967 664,231
Basic earnings per share (Ch$)
506.37 399.48

Investments by Sector

US$10.7 billion as of December 31, 2024

Book value at corporate level

Important Milestones

Creation of Forestal Quiñenco S.A., laying the foundations for the future of the group. Purchase Forestal Colcura S.A. Acquisition Lucchetti company.

1957 - 1969

  • Creation of Forestal Quiñenco S.A., laying the foundations for the future of the group.
  • Purchase Forestal Colcura S.A.
  • Acquisition Lucchetti company.

1970 - 1979

  • Purchase Hoteles Carrera S.A.

1980 - 1989

  • Purchase of shares Banco O’Higgins and Banco Santiago.
  • Takeover of Manufacturas de Cobre S.A. (Madeco).
  • Acquisition of Compañía Cervecerías Unidas (CCU) in alliance which The Schörghuber Group.
  • Purchase of a majority stake in the telecommunications company VTR S.A.

1990 - 1999

  • Quiñenco is established as the financial and industrial parent company of the Luksic Group.
  • Creation of the OHCH, in alliance with Banco Central Hispanoamericano, and takeover of Banco de Santiago.
  • Creation of the Habitaria S.A, in alliance with Spanish construction company Ferrovial Inmobiliaria
  • Sale of stake in the banking holding company OHCH, to then acquisition of 51.2% of Banco Edwards and 8% of Banco de Chile.
  • Sale of VTR S.A.
  • Acquisition 14,3% of Entel S.A.

2000 - 2009

  • Takeover of Banco de Chile and merger with Banco Edwards, and later with Citibank Chile.
  • Sale 39,4% of Plava Laguna d.d., touristic resort  in Croatia coast.
  • Partnership with Heineken, which acquires 50% of IRSA, CCU’s parent company.
  • Sale of Hotel Carrera in Santiago.
  • Sale of Lucchetti S.A.
  • Purchase of Calaf through a joint venture with CCU.
  • Quiñenco delists its shares from the NYSE and finished its ADR program.
  • Sale of Madeco’s cable business unit to Nexans and purchase of a stake in this French company.
  • Sale of participation of Entel.

2010 - 2019

  • Acquisition of Shell’s assets in Chile through Enex.
  • Purchase of shares of Compañía Sud Americana de Vapores (CSAV) and creation of SM SAAM as independet company.
  • Creation of Invexans S.A. and, subsequently, its subsidiary Invexans Limited in the United Kingdom.
  • Acquisition of Terpel’s assets in Chile by Enex.
  • Purchase by CCU of stake in Bebidas Bolivianas S.A. and joint operating agreement with Postobón in Colombia.
  • Merger of CSAV’s container shipping business with Hapag-Lloyd: CSAV becomes a shareholder of Hapag-Lloyd.
  • Sale of Techpack’s flexible packaging business to the Australian group Amcor.
  • Enex entry into the United States by purchasing Road Ranger.

2020 - 2024

  • Invexans merges with Enex’s parent company, Inversiones Rio Argenta, to strengthen Invexans’ portfolio and facilitate Enex’s international expansion.
  • CCU and Enex sign new shareholder agreements for their respective subsidiaries in Paraguay.
  • Quiñenco share new corporate image.
  • Through two transactions, Quiñenco sells 6.4 million Nexans shares, acquiring with a 14.2% of the shareholding.
  • Launch of Quiñenco’s new corporate image.