![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Monday, January 08, 2007 4:10:52 PM
CARACAS, Venezuela - Venezuelan President Hugo Chavez announced plans Monday to nationalize the country's electrical and telecommunications companies, calling them "strategic sectors" that should be in the hands of the nation.
The New York Stock Exchange immediately halted trading in CANTV, Venezuela's largest publicly traded company, which was singled out in Chavez' speech. The decision was also likely to affect Electricidad de Caracas, owned by AES Corp.
It was the boldest move by the Venezuelan leader since he was re-elected by a wide margin last month promising to a more radical turn toward socialism in Venezuela.
"All of those sectors that in an area so important and strategic for all of us as is electricity — all of that which was privatized, let it be nationalized, Chavez said in a televised speech after swearing in a new Cabinet.
"C.A. Nacional Telefonos de Venezuela (CANTV), let it be nationalized," Chavez said. "The nation should recover its property of strategic sectors."
Chavez threatened last August to nationalize CANTV, a Caracas-based former state firm that was privatized in 1991, unless it adjusted its pension payments to current minimum wage levels, which have been repeatedly increased by his government.
Recent NXG News
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 06/11/2024 04:16:00 AM
- NXG NextGen Infrastructure Income Fund (NYSE: NXG) Announces Terms of Rights Offering and Change to Record Date of July Distribution • PR Newswire (US) • 06/10/2024 08:28:00 PM
- Form N-2/A - Registration statement for closed-end investment companies: [Amend] • Edgar (US Regulatory) • 06/06/2024 08:26:19 PM
- NXG NextGen Infrastructure Income Fund (NYSE: NXG) Announces Distributions • PR Newswire (US) • 06/03/2024 01:45:00 PM
- Form N-2/A - Registration statement for closed-end investment companies: [Amend] • Edgar (US Regulatory) • 05/13/2024 08:57:12 PM
- Form DEFR14A - Revised definitive proxy soliciting materials • Edgar (US Regulatory) • 05/08/2024 01:50:12 AM
- Form N-2 - Registration statement for closed-end investment companies • Edgar (US Regulatory) • 03/06/2024 06:15:36 PM
- Form N-CSR - Certified Shareholder Report • Edgar (US Regulatory) • 02/08/2024 10:28:40 PM
- NXG NextGen Infrastructure Income Fund (NYSE: NXG) Announces Distributions • PR Newswire (US) • 02/01/2024 02:45:00 PM
- NXG NextGen Infrastructure Income Fund (NYSE: NXG) Announces Distributions • PR Newswire (US) • 12/05/2023 12:41:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/08/2023 09:07:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/08/2023 09:06:08 PM
- Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 10/26/2023 09:29:22 PM
- NXG Cushing® Midstream Energy Fund and NXG NextGen Infrastructure Income Fund Announce Officer and Portfolio Manager Changes • PR Newswire (US) • 10/09/2023 08:24:00 PM
- Form N-CSR/A - Certified Shareholder Report: [Amend] • Edgar (US Regulatory) • 10/05/2023 09:29:23 PM
- NXG NexGen Infrastructure Income Fund (NYSE: NXG) Increases Monthly Distribution 100% • PR Newswire (US) • 09/01/2023 01:45:00 PM
- Form N-PX - Annual Report of proxy voting record of management investment companies • Edgar (US Regulatory) • 08/24/2023 07:33:50 PM
- Form N-CSRS - Certified Shareholder Report, Semi-Annual • Edgar (US Regulatory) • 08/07/2023 06:27:08 PM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM