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Bolivia Nationalizes Spanish-Owned Electrical Firm

HeadlineMay 02, 2012

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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