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18 January 2010

VENEZUELA: Chavez Nationalizes French-Owned Chain Store For Price Gouging.

COLOMBIA REPORTS/

On his regular Sunday talk show, President Hugo Chavez announced the nationalization of  French-controlled Almacenes Exito SA,  headquartered in Colombia for alleged price hikes. Almacenes Exito runs Colombia's largest retail chain and controls 6 hypermarkets and 32 supermarkets in Venezuela.
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Labels: Almacenes Exito
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