[Excerpt]
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.
No comments:
Post a Comment