* Chavez announced fertilizer plant nationalization
* Fertinitro is 35 percent-owned by U.S.-based Koch
CARACAS Oct 11 Koch Industries said on Monday
it has received no word that Venezuela nationalized Fertinitro,
a large fertilizer maker in which the U.S.-based group has a
Venezuela's President Hugo Chavez announced on Sunday the
takeover of Fertinitro, one of the world's main producers of
nitrogen fertilizer, days after vowing to radicalize his
socialist "revolution" following legislative elections last
Koch has a 35 percent stake in Fertinitro and Venezuelan
state-run petrochemicals company Pequiven has 35 percent.
Saipem (SPMI.MI), a unit of Italy's Eni (ENI.MI), holds 20
percent and local brewer and food company Polar has the rest.
"Koch Fertilizer has not received any official or informal
notice, nor have we received any notification from Fertinitro
regarding any disruption," a Koch spokeswoman told Reuters by
email. "We are attempting to obtain details and information."
Chavez has put much of the OPEC member's economy into
government hands during his 12 years in power. He has said he
will accelerate the pace of reforms after the opposition won 40
percent of National Assembly seats and almost half of the
popular vote in parliamentary elections on Sept. 26.
Also on Sunday, Chavez announced the nationalization of a
local motor lubricants company and said the state would take
control of nearly 200,000 hectares (494,000 acres) of land
owned by British meat company Vestey Foods. [ID:nN10265797]
Last week, the government nationalized a major local
agricultural supplies company, Agroislena.
Critics say Chavez is moving fast to push through takeovers
before new lawmakers take their seats in January. After that
happens, his ruling Socialist Party will no longer have the
two-thirds majority it needs to pass major legislation or make
appointments to key institutions.
On Monday, Chavez stressed the importance of the battle
against large landowners he has denounced as capitalists.
"We must break the oligopolies, monopolies, concentration
of land in a few hands," he wrote via his Twitter account. "We
must connect the city with the countryside! Land is the most
important of the productive forces. The Agrarian Revolution!"
(Reporting by Frank Jack Daniel and Daniel Wallis; Editing by