Chavez threatens to expropriate steel mill

Venezuelan President Hugo Chavez has threatened to expropriate a foreign steelmaker for making what he considers an excessive compensation demand.

Izvor: UPI

Tuesday, 29.04.2008.

11:30

Default images

Venezuelan President Hugo Chavez has threatened to expropriate a foreign steelmaker for making what he considers an excessive compensation demand. Ternium SA, based in Luxembourg, asked the Venezuelan government for USD 4bnfor the Sidor steel mill, Venezuela's largest. Chavez threatens to expropriate steel mill Chavez said he would not pay the USD 4bn and that if the company doesn't make a more reasonable offer he will expropriate the company, El Universal reported Monday. In recent years, Venezuela has nationalized several sectors of its economy, including cement production, and foreign-owned petroleum companies and electricity providers.

Chavez threatens to expropriate steel mill

Chavez said he would not pay the USD 4bn and that if the company doesn't make a more reasonable offer he will expropriate the company, El Universal reported Monday.

In recent years, Venezuela has nationalized several sectors of its economy, including cement production, and foreign-owned petroleum companies and electricity providers.

Komentari 0

0 Komentari

Možda vas zanima

Ukrajinci saopštili: Obustavljamo 28
Svet

Ukrajinci saopštili: Obustavljamo

Ukrajinske vlasti saopštile su večeras da su obustavile svoje konzularne usluge u inostranstvu za muškarce starosti od 18 do 60 godina, pošto je ukrajinska diplomatija najavila mere za vraćanje u zemlju onih koji mogu da idu na front.

21:57

23.4.2024.

1 d

Podeli: