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Bolivia nationalizes Spanish company


Bolivian President Evo Morales has nationalized a Spanish company that operates the country’s three main airports.

Morales said on Monday he had instructed the country’s ministry of public works, services and housing to take “full operational control” of SABSA, a joint venture of Spanish Abertis and airport authority Aena.

He also ordered the military to take over the control of the airports, La Paz, Cochabamba, and Santa Cruz, in an effort to “safeguard the public interest.”

The Spanish company has run the three airports since they were privatized in 1997. The contract was due to continue until 2025.

The Bolivian leader said...