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.
A group of some 60 Venezuelan economists from across the country and from different generations and backgrounds, has met regularly in the past couple of years and now has brought forth a document explaining the reasons of the current emergency and outlining specific proposals on how to address the serious economic crisis the country has plunged into over the last three years.