Venezuela Says It Has Taken 20% Stake in TV Network Globovision
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Venezuela took control of a company that holds a 20 percent stake in television network Globovision, which has been critical of President Hugo Chavez’s regime, a government statement said today.
Venezuela’s deposit guarantee fund took administrative control of Sindicato Avila, C.A., one of the companies that make up Corpomedios GV Inversiones, which owns Globovision, according to a resolution published in the Official Gazette yesterday. The deposit guarantee fund will be able to claim dividends and attend shareholder meetings, the statement said.