Venezuelan government seizes warehouses owned by Pepsi-Polar
Venezuela's Vargas state solicitor said the governor's office will start the expropriation process. In the meantime, the company will continue regular operations
The information was disclosed by Vargas state solicitor Pedro Rodríguez, who said that the governor's office will request the warehouses of Pepsi-Cerveza Polar to be declared of public utility, which is the first step towards expropriation.
The plant's operations manager, Alejandro Simancas, said that the warehouses stored nothing but soft drinks, mineral water, and edible oil waiting for distribution to retailers. He also stressed that the plant will continue operations until a formal expropriation notice is given by the governor's office.
Cristian Fonseca, a businessman in La Candelaria district downtown Caracas, was doing the accounts in his small shop office on Sunday December 21, 2008. The Christmas shopping season kept him working late hours into the night. It was around 11 p.m. and his phone rang. A friend broke the bad news to him over the telephone.