Grupo Breca
Corporate brand
UnclaimedA Peruvian family-owned conglomerate with businesses spanning mining, fishing, finance, insurance, healthcare, real estate, construction materials, hospitality and related services.
Last updated August 24, 2026
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Overview
Grupo Breca, also known as Grupo Brescia, is one of Peru’s long-established diversified business groups. Its origins are associated with Fortunato Brescia Tassano and María Catalina Cafferata, whose surnames inspired the name “Breca.” The group developed from family-owned agricultural, dairy, trading and real-estate activities into a broad portfolio of industrial and service businesses operating mainly in Peru and elsewhere in Latin America. Fortunato Brescia began as a retail employee and later acquired agricultural properties near Callao and Lima. The family entered real estate after land expropriations and urban expansion changed the commercial value of its holdings. Projects such as Santa Marina in Callao, San Borja and Monterrico helped establish the group’s property interests and contributed to the development of modern Lima. After Fortunato’s death in 1952, his sons Pedro and Mario Brescia Cafferata led the business with the participation and support of their sisters Rosa and Ana María. The family’s decision-making tradition emphasized consensus rather than a single dominant operating executive. From the 1960s onward, the group diversified into banking, insurance, fishing, mining, paints, textiles and tourism. It acquired or built positions in companies including Rímac Seguros, Banco de Crédito del Perú, Banco de Lima, Minsur, Tecnológica de Alimentos, Intursa, Compañía Peruana de Pinturas and La Unión. Peru’s agrarian reform and the nationalization of fishing in the late 1960s and 1970s affected family agricultural assets and fishing interests, but changes in ownership rules also created opportunities for domestic investors to acquire stakes in sectors previously dominated by foreign capital. The modern portfolio includes Minsur and other mining businesses; TASA, a major producer of fishmeal and fish oil; Rímac Seguros; a joint investment in BBVA Perú; Clínica Internacional; Urbanova’s real-estate activities; Qroma’s paints and coatings operations; Intursa’s hotels; and Cemento Melón in Chile. The group has also held interests in Brazilian mining through Taboca and developed the Mina Justa copper project through Marcobre. Supporting organizations include Corporación Breca, the group’s corporate center, Centria, its shared-services platform, Aporta, its social-innovation and sustainability organization, and Brein, its innovation hub. Since September 2011, the principal companies have been organized under Inversiones Breca S.A. Ownership and governance remain connected to the Brescia-Cafferata family and related investment vehicles. Following the deaths and retirement of second-generation leaders Mario and Pedro Brescia Moreyra, management passed to a third-generation steering structure. The group is generally described as privately held and does not have a publicly traded Grupo Breca ticker. Its businesses, however, include companies and joint ventures with their own corporate structures and market relationships.
History
Grupo Breca traces its beginnings to Fortunato Brescia Tassano, who moved from retail employment into independent commerce, agriculture and property ownership. In 1913 he acquired the Miranaves ranch near Callao, using it for subsistence agriculture and dairy production while supplying local warehouses. He later acquired the Limatambo ranch, land that would eventually intersect with the urban development of San Borja, San Isidro and Miraflores. Fortunato married María Catalina Cafferata in 1919, creating the family partnership whose surnames later became the basis of the Breca name. The family’s landholdings were affected by public works and state policy. Part of Miranaves was expropriated in 1928 for port-related warehouses and worker housing, while part of Limatambo was taken in 1940 for the construction of Lima’s airport. Rather than abandoning property development, Fortunato created Urbanizadora Jardín in 1946. Its Santa Marina project in Callao, launched in 1948, marked an early step in the family’s modern real-estate business. After Fortunato died in 1952, Pedro and Mario assumed operational responsibility, with Rosa and Ana María involved in important decisions. The second generation strengthened the property business and pursued diversification. Pedro’s work on the subdivision of ranchland informed the development of San Borja, launched in 1963, followed by Monterrico. AESA was established in 1964 as an organization for the group’s businesses, and the family acquired a stake in Rímac the following year. The group expanded into fishing through companies including Tecnológica de Alimentos, Costa Mar and Indo Mar. It also revived and expanded inherited quarry interests, creating Corporación Minera Patará and later building a substantial mining portfolio. The agrarian reform of 1968 removed important agricultural and urban-expansion lands, and the 1973 nationalization of fishing transferred control of TASA-era assets to the state. At the same time, restrictions on foreign ownership in banking, insurance, mining and industry enabled domestic groups to increase their participation. Breca acquired stakes in Banco de Crédito del Perú and Banco de Lima, increased its position in Minsur in 1977, and entered tourism through Intursa. It later acquired Compañía Peruana de Pinturas and the textile company La Unión. In the following decades, the portfolio became increasingly institutionalized and regional. Important businesses came to include Rímac Seguros, Minsur, TASA, BBVA Perú through a partnership with BBVA, Clínica Internacional, Urbanova, Qroma, Intursa, Cemento Melón in Chile, and Taboca in Brazil. Marcobre developed the Mina Justa copper project in southern Peru. In September 2011, the principal businesses were grouped under Inversiones Breca S.A., with shares held by members of the Brescia-Cafferata family, RBCF Inversiones and a related trust. The transition from the second to the third generation followed Mario’s death in 2013 and Pedro’s death in 2014, after Pedro had already retired. Because the expected succession route was complicated by the absence of direct descendants in the senior line, the family developed governance protocols and a consensus-based steering arrangement. The contemporary group therefore combines family ownership with corporate-center oversight, portfolio management, shared services, social innovation and innovation programs.
- 2017
Brein innovation hub launched
[1]Breca launched Brein to develop innovation capabilities across its business ecosystem.
- 2011
Businesses grouped under Inversiones Breca
[1]The group’s principal companies were organized under Inversiones Breca S.A.
- 2008
Acquisition of Taboca
[1]Breca acquired Taboca in Brazil, adding tin, tantalum and niobium interests to its mining portfolio.
- 1977
Greater participation in Minsur
[1]The group increased its participation in the mining company Minsur during a period of changing foreign-ownership rules.
- 1964
AESA is established
[1]AESA was formed to organize and support the group’s expanding business activities.
- 1963
San Borja and Monterrico expansion
[1]The family began major residential development on former ranchland in Lima, starting with San Borja and later extending to Monterrico.
- 1952
Second-generation leadership begins
[1]After Fortunato Brescia’s death, Pedro and Mario Brescia took responsibility for the family businesses with support from their sisters.
- 1948
Santa Marina development
[1]Fortunato Brescia developed the Santa Marina residential area in Callao.
- 1946
Urbanizadora Jardín is created
[1]The family established a real-estate company after public expropriations reshaped the value and use of its land.
- 1919
Fortunato Brescia marries María Catalina Cafferata
[1]The marriage formed the family partnership associated with the Brescia and Cafferata names.
Products and positioning
Diversified, long-term family-owned investment group with leading positions in strategic Peruvian industries.
Mining
Minsur
Minsur is a core Breca mining business with operations centered in Peru and a growing portfolio that includes tin as well as copper and gold interests. The company’s activities include exploration, extraction and processing, and its principal assets are located in southern Peru. Through related investments, Breca’s mining platform also has a presence in Brazil.
Fishing and food ingredients
Tecnológica de Alimentos (TASA)
TASA is a major Peruvian fishing company focused on fishmeal and fish oil. Its products are exported internationally and the business emphasizes quality controls and fisheries sustainability. The company became one of the group’s most important operating platforms after Breca’s historical expansion into fishing.
Insurance · 1896
Rímac Seguros
Rímac Seguros y Reaseguros is a long-established Peruvian insurer and one of the group’s principal financial-services businesses. Its activities cover insurance and reinsurance products for individuals and organizations in the Peruvian market.
Banking
BBVA Perú
BBVA Perú is operated as a joint investment between Breca and BBVA. It is a major Peruvian bank serving retail, corporate and institutional customers through banking and financial services.
Real estate
Urbanova
Urbanova manages and develops Breca’s real-estate assets, including office, commercial and mixed-use properties. Its activities include asset optimization, commercial real estate and shopping-center operations, extending the property tradition that began with the family’s Lima developments.
Paints and coatings
Qroma
Qroma is a Peruvian paints, coatings and adhesives platform with multiple business units and brands. It represents Breca’s industrial-materials activities and serves construction, industrial and consumer applications.
Hospitality
Intursa
Intursa operates hotels in destinations including Lima, Cusco, the Sacred Valley and Paracas. Its portfolio has included properties operated under international hospitality brands such as Westin, JW Marriott, Luxury Collection, Aloft and AC Hotels.
Construction materials
Cemento Melón
Cemento Melón is a Chilean construction-materials company with business lines in cement, ready-mix concrete and aggregates. Its inclusion gives the group a significant operating presence outside Peru.
Copper mining
Marcobre and Mina Justa
Marcobre is the Breca-related company associated with the Mina Justa copper project in Marcona, in Peru’s Ica region. The project expanded the group’s mining portfolio beyond its historic tin and polymetallic interests.
Brand decisions
2017
Creation of the Brein innovation hubStrategyBackground
Breca sought to develop innovation capabilities across its diverse group of operating companies.
Action taken
It launched Brein as an innovation hub intended to identify and develop opportunities across the group’s ecosystem.
Aftermath
Brein became part of the group’s supporting platform alongside its corporate center, shared-services organization and social-innovation programs.
2011
Portfolio consolidation under Inversiones BrecaStrategyBackground
As the family group expanded across multiple sectors and countries, it needed a holding structure for its principal companies and investments.
Action taken
The main companies were organized under Inversiones Breca S.A., with ownership held through family shareholders, investment companies and a related trust.
Aftermath
The structure provided a clearer corporate framework for portfolio management while retaining family ownership and consensus-based governance.
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