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CSAV chairman Guillermo Luksic dies

CSAV chairman Guillermo Luksic dies
Santiago: The architect of Chile’s Compania Sudamericana de Vapores (CSAV)'s recovery and chairman of the holding company Quinenco that bought the near-bankrupt shipping line in 2011, Guillermo Luksic has died of cancer at age 57. 

Luksic injected more than $1bn into CSAV in the past two years, after the liner lost $1.25bn in 2011.  CSAV’s purchase added to a family business portfolio estimated to be worth over $16bn and that includes Chile’s leading bank and brewer, as well as mining assets.

Lukisc restructured CSAV and met with investors and devoted much of his time to refloat the largest Latin American shipping line.

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