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 power company
    GENEVA, SWITZERLAND – Bolivian president Evo Morales announced the expropriation of Spanish power firm Red Eléctrica Española’s shares in that country during a televised celebration Tuesday to commemorate International Workers’ Day. Morales ...
    05/2/2012 - 9:00 pm | View Link
  • Bolivia Seizes Spanish Power Firm
    "Most of the region is on a different page," said Michael Shifter, the president of the Inter-American Dialogue, a Washington-based think tank. Mr. Morales, since taking office in 2006, has used May Day celebrations to nationalize different sectors of the ...
    05/2/2012 - 2:32 am | 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 - 10:19 pm | 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 company, but promises fair compensation
    The measure was announced in the midst of the tension generated between Argentina and Spanish Prime Minister Mariano Rajoy's government over the expropriation of YPF. RRE owns and runs around three-quarters of Bolivia’s power grid. The Head of State made ...
    05/1/2012 - 6:07 pm | View Link
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