Venezuela to take control of Ternium Sidor

Wed Apr 30, 2008 10:42pm EDT
 
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CARACAS, April 30 (Reuters) - Venezuela's President Hugo Chavez said on Wednesday the government will take control of the country's top steelmaker, Argentine-controlled Ternium Sidor.

Chavez signed a decree to nationalize the steelmaker and said he would name a commission to take control of the company.

He announced the planned takeover earlier in April.

(Reporting by Frank Jack Daniel; Editing by Valerie Lee)

 

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