ESPACIO PUBLICITARIO
CARACAS, Monday October 31, 2011 | Update
 
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Takeovers

Chávez orders takeover of 34,595 acres in central Venezuela

He also approved the compulsory acquisition of British firm Agroflora

ANGIE CONTRERAS C. |  EL UNIVERSAL
Monday October 31, 2011  09:50 AM


Venezuelan President Hugo Chávez authorized the creation of Social Production Enterprise (EPS) Valles de Los Tacariguos, and to that end he ordered the seizure of 34,595 acres located in the states of Aragua and Carabobo (central Venezuela.)

Chávez said that the government would create at least 10 EPS in the state of Aragua in an area of 21,167 acres, while the government will seize other 10 private properties in the state of Carabobo, with an area of 12,825 acres.

"There are some EPS already working, near the highway. We have to seize lands from there to here, through all these valleys to fight large estate," Chávez said.

The Venezuelan president ordered expropriation of several swine facilities near Aragua River. "I have just instructed Minister (Juan Carlos) Loyo to seize an undetermined number of swine breeding companies near Zuata reservoir that have affected and polluted it... We are going to encourage agrotourism projects in that area."

He said that the Minister of Agriculture and Lands requested the "rescue" of 1,433.2 acres in the Valley of Quíbor, northwestern Lara state, to set up EPS. President Chávez authorized the decision.

The Venezuelan Head of State also approved the compulsory acquisition of British company Agroflora, which operates since 1909 and has an area of 593,050 acres. "We are nationalizing it. We will take full control of Agropecuaria Agroflora".

Translated by Gerardo Cárdenas

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