Largest electric company in Venezuela nationalized

By
February 9, 2007 01:19

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

President Hugo Chavez's government nationalized Venezuela's largest private electric company on Thursday, buying a controlling stake in Electricidad de Caracas from its US-based owner, AES Corp. The sale was made official as Paul Hanrahan, president and CEO of AES, signed a document during a ceremony at the presidential palace in Caracas passing the company's 82-percent stake in the utility to the Venezuelan government. Signing for the Venezuelan government was Rafael Ramirez, the president of state oil company Petroleos de Venezuela SA. The sale price was not disclosed.

Related Content

July 18, 2018
Zuckerberg: Facebook won’t delete Holocaust denial posts

By BEN SALES/JTA