1. Venezuela Offers Cemex Negotiations.
- Subjects
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GOVERNMENT ownership , *SUBSIDIARY corporations , *INTERNATIONAL arbitration , *CEMENT industries - Abstract
The article reports that Venezuelan Vice President Ramon Carrizalez has signified the government's willingness to negotiate with the Mexican cement company, Cemex SAB over the nationalization of its subsidiary in Venezuela. He said that they would like to do so in an atmosphere of cordiality. Cemex plans to seek international arbitration over the government's expropriation of its plants on August 25, 2008, when government officials and the National Guard seized its plant after the expiration of the period for negotiating compensation.
- Published
- 2008