Saturday , December 4 2021

Alberto Kassis evaluate his future in Copesa: "I see what I do '



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The entrepreneur, of & # 39; low profile, recognizes that the media is not good business. Today has put of his chips in a company that has been running for nearly 50 years, Cial, parent company of & # 39; brands such as San Jorge and La Preferida. It holds 16% of the media holding company, to support La Tercera. The conglomerate made important adjustments to improve its performance and could Kassis aside.

There are a few times when speaking with & # 39; the press and a few well as those who publicly encounter & # 39; authorities. This, despite its proximity to some political strongholds. This is Alberto Kassis Sabag, the dealer received yesterday the Minister of Finance, Felipe Larrain, in his sausage factory at Pudahuel Avenue where between cannabis & # 39; sausage triggered the backs. "This is the kind of & # 39; jobs that the government of President Piñera wants to create," praised the Secretary of State.

Kassis proudly show him his works, that he founded over 50 years ago. 'Here those who have been working for 50 years, already two employees, we give them Mazda ", says happy. He believes that the Reform Labor, although not support companies, with tmisshomx too. They just ended collective bargaining of & # 39; two company areas. Everyone in the factory call him "Don" Alberto. He did not convene a factory, but the family business. Both his daughters and his wife participate in the company's board of directors. Thus, opening the bag or its partnership with the matrix & # 39; and San Jorge La Preferida not in their plans.

In vituperation, which included a sandwich of salami, Kassis bring its tradition: serving Arabic sweets for guests. He says goodbye to minister and speak to & # 39; & # 39 couple; journalists recognize. The rest of & # 39; the picture does not give much attention, despite its relevance in the business world.

The businessman was part of the group baptized as one of the 10 mosques, Arab men who surprised the market in the late 80s by buying bank Osorno. Part of that group was also integrated by businessman Álvaro Saieh, his partner today in Kazakhstan retention Copesa the media. Saieh then begins life as a recognized banker.

Kassis was mgħammjat press as the nearest dealer & # 39; Pinochet to Michelle Bachelet. In fact, neighboring houses were in the south & # 39; former President. Also, two former ministers of the dictatorship – which he calls "military government" – are part of the board of directors of his company: Carlos Caceres and Hernán Buchi.

The dealer is also on the board of the Pinochet Foundation, which participates as a consultant. Nevertheless, it has always been recognized for the warm and his trasversalità, so that with the President & # 39; before met several times beyond the holiday context, at meals and meetings at the Palestinian embassy.

His projects CIAL, the parent company also includes winter, is investing about US $ 20 million in & # 39; modern factory during 2019. F & # 39; that complex already invested more than US $ 100 million. It is his main business, but is also of olive oil shares with his business friend José Said (controller & # 39; Parque ARAUCO), invest in & # 39; of cranberries rank and Chilean horses and, of course , Arabs.

"Well I felt (to the Government) and see that there is confidence, there is tranquility with & # 39; this Government and I hope that this will allow to invest and the country continues to grow, we are we are interested in the country growing, consumption in greater & # 39; any order & # 39; things and favor us as a company & # 39; food ", he said The Counter Market.

The entrepreneur, who also owns the San Benito estate agencies and SINERGIA, the La Reserva de Lancay farm and agro-industry Seaweed, has 16.6% of the newspaper consortium owner & # 39; Third and has been a long time since the rumors & # 39; his intention to get rid of the pack.

Pain & # 39; Copesa

The media is experiencing a difficult time and weather and, between the redundancies and closures, Copesa is one of the ships sailing in & # 39; a crisis wassletha to get & # 39; account. Jorge Andrés Saieh – son of hierarchy & # 39; shares – today directing the progress of the conglomerate, which has taken a series of & # 39; decisions to end what has been fitted behind scenes as a historic year & # 39; loss.

The closure of the printed version of & # 39; S & # 39; is updated and Paula, The total recasting & # 39; Fourth & # 39;, And in adjustments Pulse and The Hour, Were part of the decision. The arrival of & # 39; ex RECTOR of & # 39; Adolfo Ibáñez University, Andrés Benítez and Carolina Schmidt, who emerged from the ship early to go to the government, promised health improvement has not yet come.

The latest news was the departure of management & # 39; Third Juan Pablo Larrain. He replaced in office by José Luis Santa María, which has not been confirmed in office. Part of the reasons is the claims Kassis doing in Copesa. He never took too involved, but it would have been a sound decision: should not continue to Copesa & # 39; without bottom sack.

Its assessments made by his representative in the directory, lawyer Luis Gutiérrez. Magazine Capital quoted in & # 39; report the announcement of the arrival of & # 39; Santa María was delayed, not because of doubts in his abilities, but because of "proprietary differences that since 2014 the two partners the conglomerate were held: from that year, Alberto Kassis tried unsuccessfully to sell its 16.6% to his partner, Álvaro Saieh, which has 83.3% of the media group, but failed to reach agreement on price and there are those who say that the owner & # 39; Cial Alimentos has the power of veto – appointment – director & # 39; Third and top executives. "

And that option to get out of the way today is valid. Although Kassis should not tarnish his day & # 39; illustrious visiting and commenting only briefly must not make any further comments on Copesa. "I f & # 39; situation where I see what I'm doing … The device is not an easy business" said El Mostrador while Mercado was being activity.

Reducing costs is part of an irrevocable mandate to the executive in charge of the ship. Despite the fact that the media has made strong adjustments of staff, the industry indicates that f & # 39; March there will be a new pressure in & # 39; Copesa, along with the implementation of its digital project. It was also evaluated to be digitized Third Monday to Thursday, but the choice was currently discarded.

F & # 39; other periods & # 39; crisis, Kassis also wished to sell its participation. Therefore, f & # 39; August 2014, the entrepreneur intended to sell his shares. "Kassis had assessed its percentage of & # 39; about US $ 17 million, based on the fact that Copesa was assessed at the moment & # 39; US $ 120 million," stated the time. The price is the key stone for starting & # 39; entrepreneur. The value of & # 39; Copesa today is a mystery. While to infinity & # 39; firms, m & # 39; has no major assets. He sold an important part of his land a few years ago to developments in real estate (at headquarters & # 39; before in & # 39; Shanghai) and excluded the crown jewels, which was the concession & # 39; some of his radio. For sale & # 39; Carolina to Mega, would be & # 39; about US $ 10 million.

B & # 39; year & # 39; historic loss, remains & # 39; doubt x & # 39; is the company's true value. This, despite the fact that two families of the colony – a & # 39; emerging groups – expressing their intention to buy the shares. The dealer also holding shares in digital media The Libero.

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