January 11, 2007 – Santiago, Chile.
Quiñenco S.A. (LQ:NYSE) reported today the following significant information to the Chilean Superintendency of Securities and Insurance (SVS):
With respect to the conversations held between Quiñenco and Citigroup, which sought to establish a strategic association of their respective financial businesses and were earlier reported on December 22, 2006 to the Chilean SVS and the public at large, we now inform that we have not reached an agreement and that the conversations which were aimed at seeking common commercial and business interests have been terminated.
This communication has been duly authorized by Quiñenco’s Board of Directors and is meant to further complement our earlier communication of significant information reported in December.
Quiñenco S.A., a leading Chilean business conglomerate, is the controlling entity of a portfolio of companies involved in financial services, food and beverage, telecommunications and manufacturing.