May 18, 2001 – Santiago, Chile.
Quiñenco S.A. (LQ:NYSE) announced that its subsidiary Inversiones Hidrosur Limitada has sold 9,460,000 shares of its interest in Empresa Nacional de Telecomunicaciones S.A. (“ENTEL”) for Ch$4,500 per share, or a total of US$70.9 million.
As a result of this transaction, Quiñenco S.A. will recognize a gross profit of Ch$25,000 million, or US $41.6 million, during the current fiscal year.