Financial Times FT.com

Venezuela to seize aristocrat's cattle ranch

By Andy Webb-Vidal in Caracas and Henry Tricks in London

Published: January 7 2005 22:04 | Last updated: January 7 2005 22:04

Venezuelan authorities backed by troops are on Saturday expected to seize a 32,000-acre ranch owned by Lord Vestey, an English aristocrat and meat tycoon.

The move, the first in what is likely to be a number of Zimbabwe-style expropriations of big estates, appears to signal a renewed radicalisation in the leftwing government of President Hugo Chávez.

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