Chavez seizes US food giant unit

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Chavez seizes US food giant unit
Oluşturulma Tarihi: Mart 06, 2009 00:00

CARACAS - President Hugo Chavez seized a unit of American food giant Cargill on Wednesday and threatened to take over Venezuela's largest private company, renewing a nationalization drive as the OPEC nation's oil income plunges.

"I warn you this revolution means business," said Chavez, whose government has struggled with lower oil income and minor food shortages this year. Cargill said on Wednesday night it was "respectful" of the Venezuela decision but seeks talks to resolve the situation.

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