Venezuela nationalises top steelmaker
By Reuters May 1
Venezuela’s President Hugo Chavez said on Wednesday the government will take control of the country’s top steelmaker, Argentine-controlled Ternium Sidor, even as negotiations with the company continue.
Socialist Chavez signed a decree to nationalise the steelmaker and said he would name a commission to take control of the company, part of his drive to increase government participation in key industries.
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