Venezuela’s Hugo Chavez Asks Coca Cola Trucks to Abandon Lot

Venezuelan President Hugo Chavez asked local Coca-Cola distributors to voluntarily abandon a parking lot in the country within two weeks to allow community organizers to put the land to better use.

Chavez said that Coca-Cola trucks are occupying a flat hectare of land that’s surrounded by a densely populated area. Monterrey, Mexico-based Fomento Economico Mexicano SAB (FMX) owns Venezuela’s Coca-Cola distribution network.

“We can’t allow this,” Chavez said on state television today. “I give Coca-Cola two weeks, so that on its own, voluntarily, it can abandon this plot.”

Chavez has increased government intervention in privately- owned land over the past two weeks as he moves to raise state control of the economy.

He announced the expropriation of a rice plant owned by Cargill Inc. on March 4, and two days later announced the seizure of a 1,500 hectare plot of land owned by Ireland’s Smurfit Kappa Group Plc. (SKG)

To contact the reporter on this story: Matthew Walter in Caracas at

To contact the editor responsible for this story: Andrew J. Barden at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.