Posted on 08/18/2008 5:48:29 PM PDT by decimon
CARACAS (Reuters) - Venezuela will take control of cement plants and offices belonging to Mexico's Cemex as of midnight on Monday after failing to reach an agreement in nationalization talks, the government said.
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The government said it paid $552 million for an 85 percent stake in Switzerland's Holcim's local unit and $267 million for 89 percent of the shares in France's Lafarge's local unit.
"Lafarge is working to protect as best as it can the interests of its shareholders and of its staff on the ground," a spokeswoman for Lafarge said earlier in the day, declining any further comment.
Reuters was unable to reach a representative for Holcim Venezuela or Cemex.
(Excerpt) Read more at news.yahoo.com ...
there’s a quick way to destroy your economy
the russkies want a warm water port,
here it is.
When will these private companies learn? Socialists nationalize. Then turn fascist. It happens four times out of five. Enough so that if I were heavily invested in a private company operating in a foreign country, I’d watch their elections. The minute a socialist came to power, I’d sell.
What did Sam Houston say to Davy Crockett when they saw the Mexican army approaching?
“I didn’t know we were pouring concrete today...”
Thieves (Venezuela) stealing from thieves (Mexico).
here it is.
I think they want a port where they are and not under our guns. Venezuela allows them to give us the finger and maybe cruise some nuke subs past us but they can do that anyway.
I think that would be a minute late and a sale short.
Cemex, ironically, is Mexico’s state owned (socialist) cement company. Just like Pemex, the state owned (and slovenly run) oil company.
So in a way it is socialism getting a taste of socialism, with respect to Cemex, at least.
Coming to America if Barak wins..
there was an article i read somewhere today
about chavez inviting the russians to bring their fleet to visit.
he’s a nut job!
the other day he was in paraguay. he’s all over the place.
It is hard to feel sorry for companies that try to do business with socialist and then expect the socialist to not behave like a socialist...
Oil isn't going to save Venezuela from the consequences of state run socialism. I hope they enjoy their ride to hell because the destination is far worse than the ride...
Chavez tried to rig the Mexican elections and came within an inch of putting his man into office.
This is payback.
Of course, he isn’t just going after Mexican interests, he’s gone after the Brits, and now the French and the Swiss.
He’s a practicioner of Mugabean Vampire Economics. A country that is based on looting will eventually cannibalize itself. If he is unable militarily to seize his neighbor his followers must eventually loot one another.
Venezuelans have lost their country. The only question now is how bad will it get before Chavez is overthrown, and how high up the chain of command will the coup reach. His replacement will be a general but the generals won’t move until Venezuelans themselves turn the streets into a war-zone.
...and coming soon to the U.S. of A. if Obama and the Dem-Libturd Congress could have their way. They want to nationalize the oil industry, housing, auto industry, healthcare, eliminate private property...and on and on...
Ah yes. I keep forgetting, all the other failures, they just didn’t do it RIGHT. They didn’t have the RIGHT people in charge.
Indeed, comrade. Now, let’s talk about collective farming...
That does have a familiar ring to it.
I don't think so, its a private corporation. They are one of the biggest companies in the world, including one of the biggest cement-producers in the US, I think they have operations in half the countries in the world.
They were based in Monterrey, and have been acquiring cement companies in about every country you can think of. They were probably in Venezuela long before Chavez came along.
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