Venezuela's President Hugo Chavez announces the government nationalized a chain of slaughterhouses

Venezuela's President Hugo Chavez announced Friday that the government nationalized a chain of slaughterhouses that makes up the bulk of the meat-processing capacity in the country. 'We nationalized, through an acquisition, a great chain of (slaughterhouses) that makes up 70% of the installed capacity in Venezuela,' Chavez said in televised remarks. 'We're also acquiring milk-products company 'Los Andes' that represents 30% of the milk-processing capacity in the country,' he said.