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Evo Morales

Bolivia Nationalizes Airport Operations From Abertis, Aena

Bolivia has nationalized operations of the country's three largest airports, taking over the local unit of Spain's Abertis Infraestructuras SA (ABE.MC) and Aena.The government expropriated the companies' Bolvian subsidiary Servicios de Aeropuertos Bolivianos S.A, which had managed the airports in La Paz, Cochabamba and Santa Cruz, state news agency ABI reported.The move came after Abertis and Aena refused to increase a $36 million, nine-year investment plan, ABI said.The companies did not immediately respond to requests for comment.Since taking office in 2006, President Evo Morales has nationalized the oil and gas industry and expropriated firms owned by foreign investors in the telecommunications, mining and electric sectors.Write to Shane Romig at shane.romig@dowjones.comSubscribe to WSJ: http://online.wsj.com?mod=djnwiresCopyright © 2013 Dow Jones Newswires...

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