Daily Archives: 15/05/2010

Good Luck, Gruma

Raúl Peláez, finance and planning director of Mexican food multinational Gruma, says that his company will start to negotiate appropriate compensation for its expropriated Venezuelan subsidiary Molinos Nacionales (Monaca). Gruma owns 72.86% of Monaca, which last year accounted for about … Continue reading

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All your banks are belong to Hugo

President Hugo Chavez threatened once again today to expropriate Venezuela’s privately owned banks if they do not start immediately to cooperate with the country’s development by financing the regime’s social works. “Either give credit or give me the bank. I … Continue reading

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