UNITED STATES OF AMERICA
                        SECURITITES AND EXCHANGE COMISION
                              Washington D.D. 20549

                                    FORM 6-K

                            REPORT OF FOREIGN ISSUER
                        PURSUANT TO RULE 13a-16 or 15d-16
                   OF THE SECURITIES AND EXCHANGE ACT OF 1934

                           For the month of March 2005

                                  QUINENCO S.A.
               (Exact name of registrant as specified in charter)

                                 QUINENCO, INC.
                 (Translation of registrant's name into English)

                                  Quinenco S.A.
                        Enrique Foster Sur 20, 14th Floor
                           Santiago, Republic of Chile

Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12(g)3-2(b) under the Securities Act of 1934

                                 Yes |_| No |X|

If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12(g)3-2(b): ______________

The following document is being filed with this 6-K report and is attached
hereto.

Press Release announcing Quinenco's proposal of final dividend distribution of
Ch$12.98 pesos per share



[LOGO] QUINENCO S.A.

FOR IMMEDIATE RELEASE

For further information contact:

Cindi Freeman
Investor Relations Manager
Quinenco S.A.
(56-2) 750-7221
e-mail: cfreeman@lq.cl

    QUINENCO PROPOSES FINAL DIVIDEND DISTRIBUTION OF Ch$12.98 PESOS PER SHARE

March 16, 2005 - Santiago, Chile. Quinenco S.A. (LQ:NYSE) reported today that
its Board of Directors has proposed a final dividend distribution of
Ch$14,011,625,044, equivalent to Ch$12.97685 pesos per share. The proposal will
be put forth at the Company's General Ordinary Shareholders Meeting to be held
on April 29, 2005.

At the Board of Directors' meeting, which was held on March 14, 2005, the Board
proposed that 60% of 2004 net profits be distributed among its 1,079,740,079
common shares, as follows:

      o     A minimum legal dividend of Ch$5,924,944,115, equivalent to 30% of
            the 2004 liquid net income (calculated as net income less
            accumulated start-up losses and amortization of consolidated
            negative goodwill) and

      o     An additional dividend of Ch$8,086,680,929, equivalent to 34.6% of
            2004 net income.

If the final dividend proposal is accepted at the General Ordinary Shareholders
Meeting, it will be payable on May 11, 2005.

Quinenco S.A., a leading Chilean business conglomerate, is the controlling
entity of a portfolio of companies involved in financial services, food and
beverage, telecommunications, manufacturing and real estate and hotel
administration.

                                        #


                                    SIGNATURE

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                                       QUINENCO S.A.

                                         By:   s/s Luis Fernando Antunez
                                             -----------------------------------
                                         Name: Luis Fernando Antunez
                                         Title: Authorized Representative

Dated: March 16, 2005