Bolivia planning state takeover of airports-report

[Judi Lynn]

Bolivia planning state takeover of airports-report
Fri Jun 27, 2008 1:33pm EDT

LA PAZ, June 27 (Reuters) - Bolivia's leftist government is preparing a state takeover of the country's three biggest airports, currently run by a subsidiary of Spain's Abertis (ABE.MC: Quote, Profile, Research, Stock Buzz), a local newspaper reported on Friday.

President Evo Morales has increased state control over the economy since taking office in 2006, nationalizing the vital energy sector and more recently taking control of Italian-owned Entel, Bolivia's biggest telephone company.

Daily newspaper La Razon said Morales was planning a similar move on the airports serving the main cities of La Paz, Santa Cruz and Cochabamba.

More:
http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSN2742958620080627?rpc=401&