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 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 ...
    01/3/2013 - 10:39 am | View Link
  • Bolivia nationalizes Spanish-owned electrical utilities
    In May, Morales nationalized a subsidiary of another Spanish power group, electricity distributor Red Electrica Corporacion. Since coming to power in January 2006, Bolivia's first president representing the country's indigenous majority has nationalized ...
    12/29/2012 - 12:34 am | View Link
  • Bolivia seizes Spanish electric company
    LA PAZ, Bolivia, May 4 (UPI) -- As confusing signals go, Bolivia achieved a double whammy by seizing a Spanish power generation company hours before welcoming Spanish energy giant Repsol into the country. Bolivian President Evo Morales went to some length ...
    05/3/2012 - 7:53 pm | 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
  • 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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