Bolivia Seizes Spanish Power Firm

Bolivian President Evo Morales seized the local assets of Spanish power grid operator Red Eléctrica Corp. and ordered the armed forces to take over its installations, the latest move against Spanish corporate interests in Latin America.

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  • Bolivia seizes Spanish owned power company, but promises fair compensation
    Bolivian President Evo Morales announced on Tuesday the expropriation of Spain’s Red Eléctrica Española (REE) shares at a power transmission company in Bolivia and ordered the Army to take over the firm's headquarters. However in spite of the display ...
    12/7/2016 - 10:46 pm | View Link
  • Bolivia Seizes Spanish Utility in Forced Nationalization
    Spain’s Iberdrola has the gone the way of Repsol (REP.MC) in Latin America, as the Bolivian army seizes its buildings on orders from ... It’s not exactly egalitarian, according to Morales. Another Spanish company, Red Electrica, was nationalized ...
    01/2/2013 - 3:21 pm | View Link
  • Guest post: Nationalisation won’t deter investment in Bolivia
    With a popular mandate to recuperate natural resources and strategic enterprises, the Bolivian government has since 2006 implemented a consistent policy of nationalisation of former state enterprises that were privatised in the early 1990s. We have not ...
    05/9/2012 - 1:00 pm | View Link
  • US warns Bolivia that nationalisation of Red Electrica company will damage investment
    The Bolivian President, Evo Morales, seized the Red Electrica subsidiary on Tuesday, just 15 days after Argentine President Cristina de Kirchner announced the expropriation of Spanish oil giant ... American nation's electric power lines, and in 2005 ...
    05/2/2012 - 10:24 am | View Link
  • Spain Demands Fair Price After Bolivia Seizes Electric Utility
    Spain's chief economist said Wednesday that Bolivia will compensate Red Eléctrica Española the amount it invested in the country's electricity network after the South American country announced it would expropriate the local unit of the Spanish utility ...
    05/2/2012 - 12:44 am | View Link
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