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Cemex handing plants to Chavez

Cemex SAB, the world's third-biggest cement company, agreed to hand over control of its Venezuelan subsidiary to a board appointed by the country's government, opening the door to price talks, Venezuelan Vice-President Ramon Carrizales said.

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Venezuela relaunches negotiation with Mexican cement group over nationalization

Venezuelan government and Mexican cement group Cemex re-started negotiations on Monday over the nationalization of its cement plants in the country. According to Venezuelan Vice President Ramon Carrizales, Monday's negotiation was pretty "active," representatives from Cemex have shown "sincerity for the negotiation, and bear the hope to reach agreement with the government soon." The vice president...

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Venezuela's Diva Belts Out a New Tune

Chavez willing to renegotiate with Cemex but only if they show the proper respect.

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Cemex has new Dominican Republic chief: Carlos Jacks

Santo Domingo.- With a cocktail for friends and associates, the cement company CEMEX in Dominican Republic introduced its new Chief director, Carlos Jacks, a native of Monterrey Mexico, whose vast experience includes 16 years in the concrete and cement industry.

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Venezuela’s Vendetta

For years it looked as if only Western companies were subject to President Hugo Chavez’s socialist revolution and nationalization of industry. No longer. On Wednesday, Venezuelan troops marched into four cement plants owned by Cemex, a Mexican cement company. The invasion took place at the dead of night and the celebrated with [...]

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Venezuela willing to talk with Cemex/ Anuncia Venezuela que el lunes próximo reanudará conversaciones con Cemex

Venezuela, which this week nationalized cement plants owned by Cemex, is willing to resume failed negotiations with the Mexican cement company, Venezuela's vice president said Friday ( full information )/ El vicepresidente de Venezuela, Ramón Carrizales, anunció el viernes que se reanudarán las conversaciones con la cementera mexicana Cemex, cuya filial venezolana fue expropiada el lunes dentro del...

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Venezuela willing to talk again with Cemex

Venezuela, which this week nationalized cement plants owned by Cemex, is willing to resume failed negotiations with the Mexican cement company, Venezuela's vice president said Friday.

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Chavez bashes Mexico's Cemex after nationalization

President Hugo Chavez lashed out at Cemex SAB on Thursday, saying Venezuela is ready to put up a fight in international arbitration as the Mexican cement company seeks to challenge the nationalization of its cement plants.

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Cementing the Revolution

After a round of bad-faith negotiations with the Mexican company Cemex, the government of Venezuela has decided it's high time that foreign cement factories are expropriated to benefit the proletariat (and by "proletariat" they mean the crooked oligarchs of Caracas). President Chavez sent the National Guard to seize the company's assets after negotiations broke down when Cemex representatives pointed...

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Fletcher eyes Humes

Fletcher Building says it is investigating the Humes pipes business in Australia, which may be put up for sale by Mexico's Cemex. Fletcher Building chief financial officer Bill Roest said the company was looking at Humes. "At...

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Cemex challenges nationalisation

Cement giant Cemex plans to seek arbitration at the World Bank after Venezuela's government seizes its local subsidiary.

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Cemex challenges Venezuela takeover

Cement giant Cemex is to seek arbitration at the World Bank after Venezuela's government seizes its local subsidiary.

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Cemex seeks arbitration in Venezuela takeover

Mexican cement maker Cemex SAB on Wednesday said it would seek World Bank arbitration over Venezuela's move to nationalize its local cement plants this week -- a step it called flagrantly illegal.

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Cemex seeks arbitration over Venezuela dispute

MEXICO CITY (Reuters) - Mexican cement firm Cemex said on Wednesday it will seek international arbitration to resolve a dispute with Venezuela’s government, which seized the company’s unit there in a nationalization drive.

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CEMEX Will Submit a Complaint Seeking International Arbitration

CEMEX, S.A.B. de C.V. (NYSE: CX) announced today that it will submit a complaint seeking international arbitration before the International Center for Settlement of Investment Disputes.. - Read more