Tuesday, April 29, 2008

Venezuela's Chavez seeks agreement with steel maker Sidor over nationalization

President Hugo Chavez said Tuesday that he wants a «consensus» on compensation for Venezuela's largest steel maker, shifting to a more conciliatory tone in his latest nationalization move. Chavez said officials are talking with Sidor's parent company, Ternium SA, to reach a deal for the Luxembourg-based company's 60 percent stake in the steel maker. «We have always said that we want to bring these decisions down the best of roads, looking for an agreement, consensus,» Chavez said during a televised address. «Win-win, that's our motto.

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