He also announced the nationalization of plots of land owned by the Compañía Inglesa, a subsidiary of British meat products company Vestey
Venezuela's President Hugo Chávez on Sunday resumed broadcasting of his weekly radio and TV show "Hello, President," which he suspended for more than six weeks amidst the election campaign.
Chávez's show was broadcast from the facilities of Río Tiznado Socialist Farming Project, in Guárico state (central Venezuela), where he announced that his government would seize a Spanish farming supply company Agroisleña. He also announced the nationalization of plots of land owned by the Compañía Inglesa, a subsidiary of British meat products company Vestey.
"Agroisleña has now became people's property; it will be owned by Venezuela," said the leftist president.
Oil and gas; gold and diamonds; coltan, coal, iron, bauxite, copper: the Venezuelan economy is extractive, as it relies on taking mineral substances from the earth for sale or trade.