December 29, 2012

Bolivia expropriates Spanish energy subsidiaries

LA PAZ, Bolivia (AP) — President Evo Morales nationalized electricity distribution subsidiaries of the Spanish energy company Iberdrola in a public ceremony on Saturday.

Morales issued a decree allowing the takeover of shares in Empresa de Electricidad de La Paz (Electropaz) and Empresa de Luz y Fuerza de Oruro (Elfeo), which supply energy in the Andean nation. Read more.

AP

Related,
Bolivia nationalizes 4 Spanish-owned companies - EFE

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