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Chavez orders takeover of French hypermarket chain
CARACAS Published in Saudi Press Agency on 17 - 01 - 2010

President Hugo Chavez says he will expropriate the hypermarket chain owned by France-based Casino Guichard Perrachon SA, accusing its Venezuela stores of price speculation following a currency devaluation, AP reported.
Chavez says his government plans to seize control of the Exito hypermarket chain, majority owned by Casino Guichard Perrachon, after lawmakers approve legislation allowing the expropriation of businesses that have raised prices inordinately.
Speaking during his Sunday radio and television program, Chavez said, «I'll wait for the new law to begin the expropriation of the Exito chain.»

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