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Venezuela's Chavez: No Plans To Nationalize More Companies
Thursday, May 15, 2008 8:31 PM


CARACAS -(Dow Jones)- Venezuelan President Hugo Chavez said Thursday that he didn't have plans to nationalize any more companies.

"At this time, I don't have plans to nationalize anything else," Chavez said in televised remarks after a press conference.

His government recently announced the nationalization of the cement industry, affecting Mexican giant Cemex (NYSE:CX) (CX). It also seized control of Sidor, the country's largest steel mill, which was majority-owned by Luxemburg-based Ternium SA (NYSE:TX) (TX).

-By Darcy Crowe, Dow Jones Newswires; (58) 212 905 6304; darcy.crowe@ dowjones.com

    (END) Dow Jones Newswires   05-15-08 2031   Copyright (c) 2008 Dow Jones & Company, Inc. 
(Source: iStockAnalyst )


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