Venezuela: Chavez Orders Grupo Bolivar Seized

December 3, 2009 Stratfor.com

Venezuelan President Hugo Chavez announced the government seizure of assets belonging to Grupo Bolivar, Globovision reported Dec. 3. Chavez listed warehouses, grain transport businesses and food processing factories as assets that could be taken over by the government, saying the move would guarantee the recovery of funds for the liquidation of several banks previously seized by authorities, including Banco Bolivar, a subsidiary of Grupo Bolivar.

About Eeyore

Canadian artist and counter-jihad and freedom of speech activist as well as devout Schrödinger's catholic

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