Wednesday, May 16, 2007

Sidor expects to avoid Venezuela takeover-report

(Reuters) - Ternium Sidor's Executive President Julian Eguren said in an interview with Venezuelan daily El Nacional that he held talks with Chavez's vice president that appeared to avert a takeover.

Asked if the company's offer to increase its government-backed work in the community could stave off a nationalization, Eguren said, "Yes. I think so. We are defining the role Sidor will take in new social plans.


Read more at Reuters.com Bonds News

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