Venezuela Chavez nationalizes French-owned retailer

CARACAS | Sun Jan 17, 2010 2:40pm EST

CARACAS Jan 17 (Reuters) - Venezuela's socialist President Hugo Chavez on Sunday nationalized Exito, a chain of supermarkets owned by France's Casino (CASP.PA), on charges of price gauging after the government devalued the bolivar currency. (Reporting by Ana Isabel Martinez; Writing by Frank Jack Daniel; Editing by Maureen Bavdek)

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