Bolivian President Evo Morales announces the nationalization of Spain's Red Electrica...

|About: Red Electrica Corporacio... (RDEIF)|By:, SA News Editor

Bolivian President Evo Morales announces the nationalization of Spain's Red Electrica (RDEIF.PK), and orders the military to guard the company's installations. The energy giant is 20%-owned by the Spanish state, with foreign pension funds also big holders. This follows the seizure of Repsol's Argentinian subsidiary YPF last month.