Venezuelan government seizes warehouses owned by Pepsi-Polar
Venezuela's Vargas state solicitor said the governor's office will start the expropriation process. In the meantime, the company will continue regular operations
The information was disclosed by Vargas state solicitor Pedro Rodríguez, who said that the governor's office will request the warehouses of Pepsi-Cerveza Polar to be declared of public utility, which is the first step towards expropriation.
The plant's operations manager, Alejandro Simancas, said that the warehouses stored nothing but soft drinks, mineral water, and edible oil waiting for distribution to retailers. He also stressed that the plant will continue operations until a formal expropriation notice is given by the governor's office.
More than USD 3.5 million of Central Bank of Venezuela (BCV) money were lost in their way to the Dominican Republic. Some Venezuelans are among the 5,000 victims of the bank's collapse. And not even the entity responsible for overseeing Venezuela's monetary policy was spared.