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Logo Grupo Quiñenco S.A.


Relevant Information

  • As of December 31, 2022

  • Quiñenco's interest: 60.0%
  • Book value of investment: Ch$452,831 million
  • Investment since: 2012
  • Employees: 8,392
  • Address

  • Av. Apoquindo 4800, Tower II, 18th floor, Las Condes, Santiago - Chile
  • Telephone: (56) 22731 8240
Sociedad Matriz SAAM S.A. (SM SAAM) is a multinational company based in Chile in which Quiñenco has a 60.0% stake as of December 31, 2022. With operations in 13 countries in the Americas at more than 90 ports from Canada to Patagonia, SM SAAM provides services for the foreign trade industry through two business areas: Towage and Air Cargo Logistics.

In the first area, SAAM Towage boasts consolidated leadership in the Americas and is the third largest provider of towage services worldwide. Its main services include vessel and cargo berthing and deberthing support, as well as assistance and salvage both in harbor and offshore, in the main ports in Chile, Mexico, Brazil, Uruguay, Ecuador, Guatemala, Costa Rica, Canada, Panama, Colombia, El Salvador, Honduras and Peru. It has a fleet of more than 200 tug boats and employs over 2,000 people in the different markets where it operates.

In the logistics business, the company provides airport services in Chile, Colombia and Ecuador through its subsidiary Aerosan, a fully owned subsidiary as of 2020.

In August 2023, SAAM completed the sale of its shares of SAAM Ports S.A., a port services subsidiary, and SAAM Logistics S.A., a company that provides trucking and warehouse services at bonded warehouses, as well as certain associated real estate, to the shipping company Hapag-Lloyd, a company partially owned by Quiñenco through its subsidiary Compañía Sud Americana de Vapores (CSAV).

SAAM was a subsidiary of CSAV until February 2012, at which time SM SAAM, which owns 99.99% of SAAM's shares, was created as a spin-off. SM SAAM's shares began trading on March 1, 2012, in the Chilean stock market.


in thousands of US dollars as of December 31 of each year
2021 2022
Sales 407,660 461,835
Operating income 80,615 74,679
Net gain from discontinued activities 51,872 27,651
Net income attributable to owners of the controller 78,604 48,176
Total assets 1,839,222 1,890,064
Total liabilities 983,011 1,013,698
Shareholder's equity attributable to owners of the controller 802,686 822,381

Distribution of EBITDA* by Segment

US$147 million as of December 31, 2022
*Corresponds to consolidated EBITDA of continuing operations.

Ownership Structure

as of December 31, 2022