Caracas to pay Holcim $650m for seized assets

Welcome to the Crystallex HUB on AGORACOM

Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

Reply New Message

Prev Message Back To Forum Threaded View Next Message

RedRock

Rank: Vice President [?]

Points: 2657 [?]

Votes: 48 Score: 3.0 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Caracas to pay Holcim $650m for seized assets

posted on Sep 13, 2010 09:35AM

Caracas to pay Holcim $650m for seized assets
Holcim has reached agreement with Venezuela over compensation for the seizure of its assets in 2008, ending a two-year stand-off with Hugo Chávez’s government, the FT reports. The world’s second biggest cement producer on Monday said it would receive $650m for its former Venezuelan subsidiary, which was nationalised in 2008 - along with other construction companies’ assets - after complaints by Mr Chávez that not enough homes were being built.

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Please to post a reply