Bolivia Seizes Spanish Utility In Forced Nationalization

From Testosterone Pit
January 7, 2013 - 12:51pm

Contributed by Jen Alic of Oilprice.com. Bolivian President Evo Morales ordered the nationalization of four business units owned by Spain’s largest utility, Iberdrola. Hours later, the army and police seized the company’s offices. Part of the plan to make electricity more affordable and accessible to the population. So far, 15 companies have been nationalized.


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