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3M to take about $160 million charge as it deconsolidates Venezuelan operations

(Reuters) - 3M Co said on Tuesday it would incur a pretax charge of about $160 million, or 27 cents per share, in the second quarter, as the company suspended local operations in Venezuela.

The maker of Post-it notes and Scotch tape said in a regulatory filing here that it deconsolidated its Venezuelan subsidiary as of May 31.

Reporting by Sanjana Shivdas in Bengaluru; Editing by Maju Samuel

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