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| Title: | VENEZUELA'S DECISION TO NATIONALIZE CEMENT INDUSTRY INCLUDES MEXICAN COMPANY CEMEX |
| Authors: | Carlos Navarro |
| Keywords: | VENEZUELA'S DECISION TO NATIONALIZE CEMENT INDUSTRY INCLUDES MEXICAN COMPANY CEMEX CEMEX unlikely to accept minority partnership Calderon government vows to protect CEMEX rights Mexico & #039;s cement giant CEMEX is likely to withdraw from the Venezuelan market, following President Hugo Chavez & #039;s decision to nationalize the country & #039;s cement industry as part of his campaign to gain control of strategic sectors of the economy. As part of the privatization process, Venezuela has offered to buy shares in the three major cement companies, all subsidiaries of foreign interests, but analysts say CEMEX is more likely to sell its full assets in CEMEX Venezuela to the Chavez government rather than accept a minority partnership in a company it created. There were some concerns in Mexico that the move could reignite a conflict between Mexico and Venezuela at a time when relations appear to be gradually returning to normal. But the government of President Felipe Calderon has proceeded with caution and has refrained from making the type of harsh criticisms that caused a break with Venezuela during former President Vicente Fox & #039;s administration. foreign investment, trade relations |
| Issue Date: | 16-Apr-2008 |
| Publisher: | Latin America Data Base / Latin American and Iberian Institute / University of New Mexico |
| Abstract: | ' Mexico & #039;s cement giant CEMEX is likely to withdraw from the Venezuelan market, following President Hugo Chavez & #039;s decision to nationalize the country & #039;s cement industry as part of his campaign to gain control of strategic sectors of the economy. As part of the privatization process, Venezuela has offered to buy shares in the three major cement companies, all subsidiaries of foreign interests, but analysts say CEMEX is more likely to sell its full assets in CEMEX Venezuela to the Chavez government rather than accept a minority partnership in a company it created. There were some concerns in Mexico that the move could reignite a conflict between Mexico and Venezuela at a time when relations appear to be gradually returning to normal. But the government of President Felipe Calderon has proceeded with caution and has refrained from making the type of harsh criticisms that caused a break with Venezuela during former President Vicente Fox & #039;s administration. '.' CEMEX unlikely to accept minority partnership Calderon government vows to protect CEMEX rights ' |
| URI: | http://hdl.handle.net/10229/110337 |
| ISSN: | ISSN 1060-4189 |
| Other Identifiers: | http://ladb.unm.edu/prot/search/retrieve.php3?ID[0]=26928 |
| Appears in Collections: | Sourcemex
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