As at December 31, 2017
- Quiñenco's interest: 56.2%
- Book value of investment: Ch$733,503 million
- Investment since: 2011
- Employees: 63
- Hendaya 60, 14th floor, office 1401, Las Condes, Santiago - Chile
- Telephone: (56) 22588 6000
Compañía Sudamericana de Vapores S.A. (CSAV) develops its main business, containerized freight transport through its interest in the German shipping company Hapag-Lloyd AG (Hapag-Lloyd). CSAV also offers car carrier services to the west coast of South America, which it operates directly.
CSAV is an open-stock company that has traded its shares since 1893. Quiñenco first invested in CSAV in 2011, and currently holds a 56.2% stake.
With 25.5% of the share capital as of December 31, 2017, CSAV is the largest shareholder of Hapag-Lloyd, maintaining significant influence and control jointly with the City of Hamburg and Kühne Maritime under a shareholder agreement.
Hapag-Lloyd operates a global network of 120 line services with connections between all continents and 366 offices in 125 countries.
In May 2017, Hapag-Lloyd materialized a merger with United Arab Shipping Company (UASC), thus becoming one of the five main container ship companies worldwide. Due to the merger CSAV’s stake in Hapag-Lloyd decreased to 22.6% increasing then to 25.5% at year end.
Highlightsin thousands of dollars as at December 31 of each year
|Operating income (loss)||7,910||1,707|
|Net income (loss) attributable to owners of the controller||(23,317)||(188,137)|
|Shareholder's equity attributable to owners of the controller||2,006,464||2,117,457|