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Spain’s Iberdrola Has 4 Units Taken Over by Bolivian State

Bolivian army and police seized buildings occupied by Iberdrola SA yesterday, hours after President Evo Morales ordered the nationalization of four business units owned by Spain’s largest utility.

“We have been forced to make this decision as we want to have egalitarian electricity rates in rural and urban areas,” Morales said yesterday morning in a broadcast from the presidential palace.