RDRutherford

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.

Advertisements

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Create a free website or blog at WordPress.com.

%d bloggers like this: