Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Chavez Decrees Seizure of Gruma’s Venezuelan Unit

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Places » Latin America Donate to DU
 
naaman fletcher Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-13-10 12:58 PM
Original message
Chavez Decrees Seizure of Gruma’s Venezuelan Unit
May 13 (Bloomberg) -- Venezuelan President Hugo Chavez ordered the seizure of Molinos Nacionales CA, a food producer majority-owned by Mexico’s Gruma SAB, as he boosts state control over the distribution and production of basic goods.
The government ordered the “forceful acquisition” of Monaca’s assets to “safeguard” the country’s food supply and consolidate the “socialist processing capacity in the agriculture industry,” according to a decree published today in the South American country’s Official Gazette.
Gruma, Mexico’s largest maker of corn flour for tortillas, said in December that its Venezuelan processing plants were temporarily taken over by the military after a minority shareholder was arrested in a banking scandal


http://www.businessweek.com/news/2010-05-13/chavez-decrees-seizure-of-gruma-s-venezuelan-unit-update1-.html

Printer Friendly | Permalink |  | Top
protocol rv Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-13-10 04:33 PM
Response to Original message
1. Oh well, now we'll have a cachapa shortage
And I'll wait for Peace Patriot to describe the legal proceedings and the compensation method used to pay Gruma for this property.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Fri Apr 26th 2024, 08:04 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Places » Latin America Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC