Bolivian leader Morales nationalizes Spanish-owned airports corporation

Morales, who made the announcement at a news conference in the city of Cochabamba, promised negotiations with SABSA, an affiliate of the Spanish firms Abertis and Aena, within 180 days on the amount of compensation.

He also ordered the military to take control of the three airports “to safeguard the public interest” and warned that any attempt to impede the nationalization would be prosecuted.

The company has run the airports serving La Paz, Cochabamba and Santa Cruz since 1997, when they were privatized. It was acquired by the Spanish group Abertis-Airports in 2005.

It is the third nationalization affecting Spanish investments in Bolivia in less than a year.

SHARE CLOSE
Blogger		Google+
Live Journal		Plurk
Stumble Upon

Tweet

	PREVIOUS ARTICLE
	Mexico's economy grew 3.9 percent in 2012, beats government forecasts

NEXT ARTICLE
Vermont maple syrup grade changes could sweeten sales

Write a Comment

Terms

Enter your comments - 3000 characters max

Type in image code

 Receive China Post promos
 Respond to this email

Submit