Posted on 11/16/2016 10:50:28 AM PST by Lorianne
Multinational companies are selling their Venezuelan operations at hefty discounts - or even giving them away - as they to seek to escape the OPEC nation's soaring inflation and chronic supply shortages.
Six firms, including General Mills and oil producer Harvest Natural Resources, have sold operations for as little as half their assessed value on the companies' books, according to securities filings and interviews with a dozen people knowledgeable about the deals.
One company, U.S. autoparts-maker Dana, last year sold its debt-laden Venezuela operations to a local buyer for no cash compensation. Two multinational corporations - Clorox and Kimberly-Clark - chose instead to abandon their operations here.
(Excerpt) Read more at reuters.com ...
That is just saving time and money before they are nationalized and made into forced labor camps.
The time to buy is when blood is running in the streets.
Ain’t socialism grand?
Meanwhile Chavez’s daughter sits on top of 4 Bn while living in New York
*
Now bring those jobs back here where they belong.
isn’t communism just grand?
Ain't socialism a hoot?
Gee, isn't General Mills one of those gay-coercive corporations? Why are they haters and intolerant of the poor Venezuelan people?
Atlas is shrugging.
Another international basket case owes its demise to Marxism - precisely the sort of Marxism the Left wants for the US.
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