Tag: Red Eléctrica Española

• Saturday, May 5th 2012 - 06:35 UTC

  Spain says Argentina should follow Bolivia example and pay a ‘fair price’ for YPF

  

  Toning down its initial strong reactions to the nationalization of Spanish controlled YPF Spain’s Foreign minister Jose Manuel Garcia Margallo said that Argentina should pay a “fair price” for the oil company citing a similar case in Bolivia this week.

• Saturday, May 5th 2012 - 06:26 UTC

  Uruguay supports Argentina’s seizure of YPF but countries decide “proceedings”

  

  Uruguayan Foreign Minister Luis Almagro backed Argentina’s controversial decision to nationalize the country's biggest oil company YPF arguing countries’ right to recover a strategic market is “indisputable”.

• Thursday, May 3rd 2012 - 23:35 UTC

  IMF does not see a ‘nationalization trend’ in South America; Bolivia in compensation talks

  

  The International Monetary Fund (IMF) said it does not see a trend in South America toward state nationalization of private companies despite moves made by Bolivia and Argentina in recent weeks, a spokesman said on Thursday.

• Thursday, May 3rd 2012 - 07:39 UTC

  US and EU concerned with “investment climate” following Bolivia’s seizure of Spanish power company

  

  Bolivian President Evo Morales Government’s decision to nationalize the main power transport company that was in hands of Red Eléctrica Española (REE) generated claims from Spain, while United States and the European Union showed their “concern.”

• Wednesday, May 2nd 2012 - 05:07 UTC

  Bolivia seizes Spanish owned power company, but promises fair compensation

  

  Bolivian President Evo Morales announced on Tuesday the expropriation of Spain’s Red Eléctrica Española (REE) shares at a power transmission company in Bolivia and ordered the Army to take over the firm's headquarters.