Tags: chavez | metals | companies | nationalize

Chavez to Nationalize Metals Companies

Sunday, 16 May 2010 08:56 PM

Venezuelan President Hugo Chavez says his government is taking over several metal companies.

He announced Saturday Venezuela will nationalize businesses including Matesi, which produces iron briquettes, and aluminum-maker Norpro.

Venezuela began to take over Matesi from its Luxembourg-based parent company Tenaris last year. Mr. Chavez says he is moving to nationalize Matesi after settlement talks failed.

There was no immediate comment from Tenaris or any of the companies listed for nationalization.

To read full Voice of America story — Go Here Now.

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Venezuelan President Hugo Chavez says his government is taking over several metal companies.
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2010-56-16
Sunday, 16 May 2010 08:56 PM
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