UNITED STATES OF AMERICA
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington D.C. 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 2007

                                  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 dated March 2, 2007 announcing dividend distribution proposal of
$Ch15.85 pesos per share



[LOGO]
QUINENCO S.A.
www.quinenco.cl
www.quinencogroup.com
- --------------------------------------------------------------------------------

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$15.85 PESOS PER SHARE

March 2, 2007 - Santiago, Chile. Quinenco S.A. (LQ:NYSE) reported today that its
Board of Directors has proposed a final dividend distribution of
Ch$17,112,886,891, equivalent to Ch$15.84908 pesos per share. The proposal will
be put forth at the Company's General Ordinary Shareholders Meeting to be held
at the end of April 2007.

At the Board of Directors' meeting, which was held on March 1, 2007, the Board
proposed that 31.66% of 2006 liquid net profits be distributed among its
1,079,740,079 common shares, as follows:

      -     A minimum legal dividend of Ch$16,214,769,891, equivalent to 30% of
            the 2006 liquid net income and

      -     An additional dividend of Ch$898,117,000, equivalent to 1.66% of
            2006 liquid net income.

If the final dividend proposal is approved at the General Ordinary Shareholders
Meeting, it will be payable on May 9, 2007.

* Liquid net income is calculated as net income less accumulated start-up losses
and amortization of consolidated negative goodwill.

                                        #

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 and manufacturing.




                                    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 2, 2007