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05 July 2009

Chavez Completes Takeover of Banco de Venezuela.

The Venezuelan government has completed the takeover of the nation's third largest bank, Banco de Venezuela, from Spain's Grupo Santander for $1.05 billion.

The state will now control 21% of the country's total deposits.
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Labels: Banco de Venezuela, Banco Santander, Hugo Chavez, Venezuela
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