FACTBOX-Venezuela's nationalizations under Hugo Chavez

Mon Aug 18, 2008 7:57pm EDT
 
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The Chavez government early last year nationalized CANTV TDVd.CR, the nation's largest telecommunications company, buying out U.S.-based Verizon Communications' (VZ.N) 28.5 percent stake for $572 million. Analysts said Verizon received fair compensations for its assets.

POWER

Venezuela early last year expropriated the assets of U.S. based AES Corp (AES.N) in Electricidad de Caracas EDC.CR, the nation's largest private power producer. The government paid AES $740 million for its 82 percent stake in the company. Financial analysts described the deal as fair for AES. (Reporting by Caracas newsroom, editing by Richard Chang)

 

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