Bolivia Nationalizes Spain’s Abertis Airport Operations
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Bolivia has nationalized a unit of Spain’s Abertis Infraestructura SA that operates the country’s three biggest airports, according to the government’s official news agency.
The nationalization was carried out because Servicios de Aeropuertos Bolivianos SA, or Sabsa, failed to invest in improving the airports of Cochabamba, Santa Cruz and El Alto, which serves the capital La Paz, the Bolivian Information Agency ABI reported on its website today. Sabsa is also partly owned by Madrid-based Aena Aeropuertos SA.