January 12, 2007

Trade of CANTV stocks resumes in Caracas

Filed under: Venezuela — rdrutherford @ 2:16 am

Trade of CANTV stocks resumes in Caracas
Reuters – January 11, 2007 12:14 PM ET

Related Quotes
Symbol Last Chg
VNT Trade 14.01 +0.01

CARACAS, Jan 11 (Reuters) – Venezuelan authorities on Thursday lifted a suspension on trading shares in media group CANTV (VNT)TDVd.CR after investors panicked over President Hugo Chavez’s plans to nationalize the firm.

Chavez on Monday announced a broad campaign to nationalize telecommunications and power utilities, pushing CANTV’s stock down 30 percent and paring 20 percent off the value of the Caracas Stock Exchange.

The National Securities Commission said it had lifted a 48-hour suspension of trading CANTV shares.


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