Saturday, April 14, 2012

Corina Rodriguez Pon & Nathan Crooks: Grupo Zuliano to Buy Venezuala Koch Stock

Koch’s divestment of the propylene plant stake comes after its 35 percent stake in the FertiNitro Venezuelan fertilizer joint venture was nationalized by President Hugo Chavez in 2010. Koch Industries last year filed for arbitration against Venezuela at the World Bank’s International Centre for Settlement of Investment Disputes, or ICSID, to seek compensation.
Melissa Cohlmia, a spokeswoman for Wichita, Kansas-based Koch, did not immediately respond to an e-mail and a phone message left today seeking comment.

Read more at Bloomberg News.

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