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 ...
    11/18/2016 - 10:38 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
  • 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 govt seizes control of power grid
    President Evo Morales announced on Tuesday that his government is completing the nationalisation of Bolivia's electricity sector by seizing control of its main power grid from a Spanish-owned company. Morales took advantage of the symbolism of May Day ...
    05/1/2012 - 2:10 pm | View Link
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