Pursuits
Venezuela Seizes Nestle, Polar Warehouse to Build Housing
Workers at a food distribution center, left, react to Venezuelan soldiers who took over the warehouse where they were working in Caracas, Venezuela, on July 30, 2015.
Photographer: Meridith Kohut/BloombergThis article is for subscribers only.
Venezuelan soldiers seized a food distribution center rented by companies including Nestle SA, PepsiCo. Inc and Empresas Polar SA in Caracas as the government looks to boost support ahead of elections.
The companies were given two months to remove equipment and stock at the La Yaguara industrial park, which will be converted to social housing, workers said. Several dozen workers of Polar, the largest Venezuelan food company, remain on the premises in protest against the expropriation.