Alexa
  • Directory of Taiwan

Bolivia expects talks for 'fair' settlement

Bolivia expects talks for 'fair' settlement

Bolivia's government says it expects amicable negotiations toward a compensation settlement with Spanish energy company Iberdrola after President Evo Morales nationalized four of the company's subsidiaries.
Energy Minister Juan Jose Sosa says on Bolivian state television that he expects talks with the company's representatives to determine, in his words, a `fair amount' in compensation.
Sosa's remarks on Sunday came a day after Bolivia's president nationalized two electricity distribution companies in addition to a services company and an investment company.
The Spanish government said in a statement that it regretted Bolivia's decision to nationalize companies that included "Spanish, Argentine and American companies among its shareholders."


Updated : 2021-08-05 20:33 GMT+08:00