CARACAS --A top Venezuelan official said Friday that a
payment deal with Holcim Ltd. is expected soon, after the socialist
government nationalized the cement company in 2008.
"An agreement will be reached soon with Holcim," Oil Minister Rafael Ramirez told reporters Friday.
Venezuela nationalized the cement sector in 2008, seizing the
assets of Holcim and other firms. The government made a payment offer
to Holcim last year, but it was rejected by the company.