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.

BING NEWS:
  • 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 ...
    03/16/2017 - 8:38 am | 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
  • Bolivia seizes power from Spanish firm
    President Evo Morales announced his government is completing the nationalisation of Bolivia's electricity sector by seizing control of its main power grid from a Spanish-owned company. Mr Morales took advantage of the symbolism of May Day, the ...
    05/2/2012 - 3:03 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
  • Bolivia seizes assets of Spanish power firm
    MADRID (MarketWatch)--Bolivia’s move to expropriate the local unit of a Spanish power grid operator, hard on the heels of Argentina’s recent takeover of YPF, sounds a warning to Spanish energy firms in Latin America and is yet another setback for the ...
    05/1/2012 - 9:49 pm | View Link
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