June 19, 2013
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Article Photos: Bolivia expropriates Spanish energy subsidiaries
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Marked with signs reading: "Nationalized," soldiers stand guard outside the offices of Electropaz, an electricity distribution subsidiary of the Spanish energy company Iberdrola, in La Paz, Bolivia, Saturday, Dec. 29. 2012. Bolivia's President Evo Morales issued a decree Saturday allowing the takeover of shares in Electropaz and Empresa de Luz y Fuerza de Oruro (Elfeo), which supply energy in the Andean nation. The decree read by Morales also calls for Iberdrola to receive indemnification after an independent firm is hired within 180 days to determine the value of the nationalized shares. (AP Photo)
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