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May 2, 2012

Bolivia Nationalizes Spanish-Owned Electrical Firm 
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Bolivian President Evo Morales has announced plans to complete the
nationalization of the country’s electrical supply by wresting control
of its main power grid from a Spanish-owned company. Under the banner of
International Workers’ Day, Morales ordered soldiers to occupy
holdings of the Spanish-owned company, Red Electrica. The move comes
after Argentina has acted to take control of its oil company from the
Spanish energy corporation, Repsol.

 

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