Financial Times FT.com

Chávez warns Nestlé and Parmalat

By Reuters February 10

Hugo Chávez, the Venezuelan president, on Sunday threatened to seize milk plants owned by Switzerland’s Nestlé and Italy’s Parmalat if they muscled state producers out of the market.

Bolstering the private sector’s supply with state-financed enterprises, Mr Chávez sought this year to end chronic shortages of foodstuffs, including milk, that are weighing on his popularity.

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