Independent journal on economy and transport policy
07:25 GMT+1
This page has been automatically translated by Original news
The Quiñenco Chilean (industrial group and mining Luksic) buys 10% of shipowning society CSAV
The transaction has a value of 120 million dollars
March 23, 2011
The Chilean Quiñenco S.A., an industrial conglomerate financial and that anticipates assets consolidated for about 40,0 billion dollars and that she is controlled by the Chilean group Luksic (than work also in the mining field with the Antofagasta plc), has acquired 10% of the capital stock of the shipowning company Compañía American South de Vapores (CSAV). The quota is yielded for 57,8 billion pesos Chilean (120 million dollars) from Marítima de Inversiones S.A. (Marinsa), up to now the main shareholder of the CSAV with 38.18% of the capital. They are passed to Quiñenco 202.925.890 sets in action of the CSAV of the unitary value of 285 pesos.
In the board of directors of Marinsa, that it is controlled with 50.81% of the capital stock from Navarino S.A of the Chilean Grupo Claro, they figure main the managing ones of the shipowning company, between which president Juan Antonio Álvarez Avendaño, the vice president Arturo Claro Fernández and councilmen Luis Alvarez Marín, Christoph Schiess Schmitz and the president to-honorem José Luis Cerda Urrutia.
With the Quiñenco acquisition greater shareholder of the CSAV has become the second after the Marinsa that now possesses 28.18% of the capital of the company.
The Luksic group will participate therefore to the next extraordinary assembly of the shareholders of the CSAV in program next 8 April will be assumed important decisions for the consolidation financial of the company, that is if to carry out of an increase of capital for 500 million dollars, if to last August maintain, to modify or to send back the increase of capital of 400 million dollars approved of ( on 30 August 2010) and if to yield the shareholding of 49% that CSAV stops in the South American marine agency, Agencias Aéreas y Marítimas S.A. (SAAM).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
The Chilean Quiñenco S.A., an industrial conglomerate financial and that anticipates assets consolidated for about 40,0 billion dollars and that she is controlled by the Chilean group Luksic (than work also in the mining field with the Antofagasta plc), has acquired 10% of the capital stock of the shipowning company Compañía American South de Vapores (CSAV). The quota is yielded for 57,8 billion pesos Chilean (120 million dollars) from Marítima de Inversiones S.A. (Marinsa), up to now the main shareholder of the CSAV with 38.18% of the capital. They are passed to Quiñenco 202.925.890 sets in action of the CSAV of the unitary value of 285 pesos.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
