Friday, March 30, 2007

UPDATE 1-Caracas bourse suspends 2 stocks for gov't buyout

(Reuters) - The regulator said in a statement that 100 percent of shares in power utility Electricidad de Caracas and 50 percent plus one share in media company CANTV would be put on sale for the government takeover.

The buyout of CANTV should take place from the week of April 9, Telecommuniactions Minister Jesse Chacon said on Thursday. The time frame for the EDC buyout is not yet clear.


Read more at Reuters.com Government Filings News

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