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Invexans

Relevant Information

  • As at 31 December 31, 2017

  • Quiñenco's interest: 98.7%
  • Book value of investment: Ch$ 310,023 million
  • Investment since: 1980
  • Employees: 4
  • Address

  • Enrique Foster Sur 20, 20th Floor, Las Condes, Santiago - Chile
  • Telephone: (56) 22750 7393
  • www.invexans.cl

Invexans manages Quiñenco’s interest in the multinational French company Nexans, one of the largest cable producers worldwide. As of December 2017 it owns a 28.5% stake, thus being a long term and reference shareholder. Quiñenco's subsidiary Techpack has a 0.53% stake in Nexans, thus in all Quiñenco's stake at year end 2017 was 29.05%.

Invexans, controlled by Quiñenco (with 98.7% of the company as of December 31, 2017), adopted this name in March 2013, after Madeco divided its industrial businesses (flexible packaging, brass mills, and profiles) from its investment in Nexans, with the aim to better focus management’s efforts. Its investment in the French multinational dates back to 2008. Since then, and given the firm conviction in the business developed by Nexans, Invexans has concentrated on consolidating its participation and contributing to the development and growth of the company.

Invexans is represented on Nexans’ Board by three members, and also has a member on the Compensations, Designations and Corporate Governance Committee, the Strategy Committee, and on the Accounting and Audit Committee.

Invexans has thus consolidated a significant influence on one of the leading actors in the cable industry worldwide, that manufactures high value added products, dedicates significant resources to research and development, and counts with relevant global exposure. Nexans employs over 26,300 people and its consolidated sales were €6,370 billion in 2017.

Invexans’ shares are traded on the Chilean stock market. Nexans’ shares are traded on Euronext Paris.


Highlights

in thousands of dollars as at December 31 of each year
2016 2017
Sales 60 3
Operating income (loss) (1,416) (1,484)
Non-operating results 15,092 36,327
Net income (loss) attributable to owners of the controller 13,464 36,316
Total assets 468,246 536,669
Total liabilities 31,040 25,616
Shareholders' equity attributable to owners of the controller 437,206 511,053

Ownership Structure

as at December 31, 2017