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:
  • 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
  • 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
  • Bolivia Seizes Spanish-Owned Power Firm
    (Newser) – Bolivian President Evo Morales marked May Day by ordering the country's armed forces to seize the assets of the country's main electricity company. Spanish-owned Red Electrica owned and operated around 85% of Bolivia's power grid, and Morales ...
    05/1/2012 - 5:19 pm | View Link
  • Now Bolivia Seizes Oil – Open Season on Western Assets or Something Even More?
    Bolivian President Evo Morales seizes assets from Spanish energy company Red Electrica … Bolivian ... of Transportadora de Electricidad (TDE), which runs most of Bolivia's power grid, was "in honour of all Bolivian people who have struggled to recuperate ...
    05/1/2012 - 1:00 pm | View Link
  • Bolivia nationalises Spanish-owned electricity firm
    Bolivian President Evo Morales has nationalised a Spanish-owned electric power company. Mr Morales ordered the military to take over the subsidiary of Spanish power company REE, which owns and runs around three-quarters of Bolivia's power grid. Mr Morales ...
    05/1/2012 - 8:22 am | View Link
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