Tag Archives: Nationalization

• Venezuela Arm of U.S. Bottle Company is Nationalized

Venezuelan President Hugo Chavez ordered the takeover of the local unit of U.S. glass bottle firm Owens-Illinois (OI.N) on Monday, part of a drive to nationalize large swathes of the food processing and distribution business. Since an election last month that left the socialist leader’s party with a reduced majority in parliament, he has nationalized […]