0
Hugo Chávez: Nationalize Nationalize
Posted by Stock Online Trader on January 16, 2007 in Market News
Venezuelan President Hugo Chávez recently announced he would nationalize power utilities and the country’s biggest telecommunications firm CANTV (VNT). After the announcement the share prices of CANTV tanked from trading around $20/share to $12/share. He also mentioned that he plans to nationalize the entire energy sector indicating there are more targets for take-over. But he [...]