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Economy
In reply to the discussion: STOCK MARKET WATCH -- Monday, 31 December 2012 (and Tuesday, 1 January 2013) [View all]Demeter
(85,373 posts)6. Bolivia nationalizes Spanish-owned electrical utilities
http://www.france24.com/en/20121229-bolivia-nationalizes-spanish-owned-electrical-utilities
AFP - Bolivian President Evo Morales on Saturday announced the nationalization of electrical utilities owned by the Spanish company Iberdrola. Morales announced a decree targeting Iberdrola-owned utilities in the cities of La Paz and Oruro. It was the latest in a series of such seizures by the outspoken leftist who is a key member of a group of populist South American presidents led by the now-ailing Hugo Chavez of Venezuela
Back in May Morales nationalized a subsidiary of another Spanish power group, Red Electrica Corporacion.
Since coming to power in January 2006, Bolivia's first president representing the country's indigenous majority has nationalized the country's oil wealth and smelters, in addition to electric power companies.
AFP - Bolivian President Evo Morales on Saturday announced the nationalization of electrical utilities owned by the Spanish company Iberdrola. Morales announced a decree targeting Iberdrola-owned utilities in the cities of La Paz and Oruro. It was the latest in a series of such seizures by the outspoken leftist who is a key member of a group of populist South American presidents led by the now-ailing Hugo Chavez of Venezuela
Back in May Morales nationalized a subsidiary of another Spanish power group, Red Electrica Corporacion.
Since coming to power in January 2006, Bolivia's first president representing the country's indigenous majority has nationalized the country's oil wealth and smelters, in addition to electric power companies.
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STOCK MARKET WATCH -- Monday, 31 December 2012 (and Tuesday, 1 January 2013) [View all]
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