Venezuela Talks With Colombian Firms Over Chavez-Era Asset Seizures
- Colombia’s Cementos Argos could acquire a plant in Venezuela
- Negotiations were sponsored by Petro administration officials
The socialist government of Venezuela is discussing compensation with at least two Colombian companies whose assets were seized under late President Hugo Chávez.
Colombia’s largest cement maker, Cementos Argos SA, is in talks involving the possible takeover of a state-owned cement plant near Venezuela’s Caribbean coast, according to German Umaña, Colombia’s minister of commerce, trade and tourism.