| Quinenco S.A. | |||
| Ticker: | LQ | Agustinas No. 972, Oficina 706 | |
| Exchange: | New York Stock Exchange | Santiago, CHILE | |
| Industry: | Financial (SIC Code 6719) | ||
| Type of Shares: | American Depositary Receipts | Filing Date: | 6/6/97 | |
| U.S. Shares: | 8,120,200 | Offer Date: | 6/24/97 | |
| Non-U.S. Shares: | 3,689,800 | Filing Range: | $17.00 - $20.00 | |
| Primary Shares: | 11,810,000 | Offer Price: | $18.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.56 | |
| Offering Amount: | $218,485,000 | Selling: | $0.34 | |
| Expenses: | $3,300,000 | Reallowance: | $0.10 | |
| Shares Out After: | 106,711,505 |
| Manager | Tier | Phone |
| Morgan Stanley Dean Witter Discover & Co. | Lead Manager | |
| HSBC James Capel | Co-manager | (212) 825-6688 |
| Salomon Brothers Inc. | Co-manager | (212) 783-2947 |
| Issuer's Law Firm: | Sullivan & Cromwell |
| Bank's Law Firm: | Davis, Polk & Wardwell |
| Registrar/Transfer Agent: | Citibank, NY |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | |||||
| Revenue: | $989.71 | Assets: | |||
| Net Income: | $69.88 | Curr Assets: | |||
| EPS: | Liabilities: | ||||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | Equity: | ||||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a Santiago based holding company for the diverse businesses of the Luksic family. Key holdings include Madeco SA, a copper and aluminum concern, Banco Santiago, Chile's largest bank and Compania Cervecerias Unidas, Chile's largest brewer. The company, which is among the market leaders in each of its major businesses, provides telecommunications and cable television services through VTR; manufactures copper and aluminum products and consumer product packaging through Madeco; processes and distributes food through Lucchetti; is engaged in providing hotel services through Hoteles Carrera' produces bottles and distributes beer, wine, soft drinks and other beverages through CCU; and provides banking and other financial services through Banco Santiago in Chile, and through banks in Argentina, Peru, Paraguay and Uruguay. |
| Business Plan |
| The company seeks to maintain its position as Chile's leading diversified company in the industrial and financial sectors, to grow its existing businesses from their positions of market leadership, and to continue expanding to other countries in South America, while opportunistically considering entry into new and complementary products or industry sectors. Keys elements of this strategy include the following: Consolidate and grow core businesses; Continue managed expansion in South America; Diversify into new products and industries; Form strategic alliances; Acquire and divest business opportunistically. |
| Use of Proceeds |
| The proceeds from the proposed offering will be invested in its subsidiaries which include providing capital for Banco Santiago, to increase its stake in Hoteles Carrera, to increase its stake in Madeco, to distribute funds to VTR, a cable television and telecommunications provider. |