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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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  1. Bolivia's Morales Seizes Foreign Utilities in Nationalization Drive

    Bolivia's President Evo Morales nationalized two Spanish-controlled electric utilities this weekend in his latest move to exert state control over industries he deem...

  2. Spain 'Regrets' Bolivian Move to Nationalize Iberdrola Units

    The Spanish government said late Saturday it "regrets" Bolivia's decision to nationalize power companies controlled by Spanish utility Iberdrola SA (IBE.MC), adding ...

  3. Bolivia Says It Wants Greater Role in Key Mining Sector

    LA PAZ, Bolivia--The Bolivian government wants to increase its role in the mining industry through state-run mining company Comibol and taxes that promote onshore pr...

  4. BG Doesn't Face Bolivia Nationalization - CEO

    BG Group PLC (BG.LN) doesn't face the same nationalization "problem" that has seen governments in Bolivia and Argentina expropriate the assets of Spanish energy firm...

  5. Seizure Of Spanish Company Assets Not In Bolivia's Interest -Spanish Finance Minister

    Spain's Finance Minister Luis de Guindos said Wednesday Bolivia's decision to nationalize the local assets of Spanish power grid operator Red Electrica Corp. SA (REE...

  6. EU: Closely Monitoring Situation After Bolivia's Decision

    The European Commission expects Bolivia to respect its investment agreements with Spain and trusts it will ensure prompt, adequate compensation after it decided to n...

  7. BG Group Begins Bolivia Gas Output, Monitors Red Electrica

    U.K. energy firm BG Group (BG.LN) Wednesday said it has begun producing natural gas at its Margarita field in Bolivia and doesn't believe the asset is at risk of nat...

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