Venezuela Seizes More Food Assets, BMI Sees Appropriation As Key Risk While Chávez In Office

The Venezuelan government of Hugo Chávez has taken more steps towards nationalising the country's food industry with decrees to seize three privately-owned sugar mills and five plots of land belonging to the country's leading brewer and food producer Empresas Polar. The risk of appropriation is a major threat to all food and drink firms operating in Venezuela and partly explains why the country languishes in bottom position in our Latin American Food and Drink Business Environment Ratings. We expect the current assault on the food and drink industry to be sustained for as long as Chávez remains in office, with

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