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BUSINESS
September 12, 1991 | From Times Staff and Wire Reports
Bell Atlantic Plans Venture in Venezuela: A consortium led by Bell Atlantic International Inc., a division of Philadelphia-based Bell Atlantic Corp., said it is bidding for up to 40% of the Venezuelan telephone company, CANTV, whose inefficient service has made the Venezuelan phone system among the world's worst. Bell Atlantic's proposal would result in investments of "hundreds of millions of dollars" over a period of a few years, the company's president, Hyde Tucker, told a press conference.
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BUSINESS
September 12, 1991 | From Times Staff and Wire Reports
Bell Atlantic Plans Venture in Venezuela: A consortium led by Bell Atlantic International Inc., a division of Philadelphia-based Bell Atlantic Corp., said it is bidding for up to 40% of the Venezuelan telephone company, CANTV, whose inefficient service has made the Venezuelan phone system among the world's worst. Bell Atlantic's proposal would result in investments of "hundreds of millions of dollars" over a period of a few years, the company's president, Hyde Tucker, told a press conference.
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BUSINESS
February 19, 1988 | DONALD WOUTAT, Times Staff Writer
Texaco is near agreement on selling a half-interest in its refinery network on the U.S. Gulf Coast to Saudi Arabia for more than $1 billion, according to a European newspaper report. Texaco would neither confirm nor deny the report. The company said its previously acknowledged discussions with several unidentified potential partners "have not progressed to the point" where either side was prepared to comment.
BUSINESS
November 7, 1989 | From Associated Press
Southland Corp., which owns the 7-Eleven convenience store chain, announced plans Monday to sell its half-interest in Citgo Petroleum Corp. to the Venezuelan state-owned oil company for $675 million. Petroleos de Venezuela already owns the other half of Citgo, which it bought from Southland in 1986 for $290 million. Southland purchased Citgo, based in Tulsa, Okla., in 1983 with stock valued at $254 million.
BUSINESS
November 7, 1989 | From Associated Press
Southland Corp., which owns the 7-Eleven convenience store chain, announced plans Monday to sell its half-interest in Citgo Petroleum Corp. to the Venezuelan state-owned oil company for $675 million. Petroleos de Venezuela already owns the other half of Citgo, which it bought from Southland in 1986 for $290 million. Southland purchased Citgo, based in Tulsa, Okla., in 1983 with stock valued at $254 million.
BUSINESS
February 19, 1988 | DONALD WOUTAT, Times Staff Writer
Texaco is near agreement on selling a half-interest in its refinery network on the U.S. Gulf Coast to Saudi Arabia for more than $1 billion, according to a European newspaper report. Texaco would neither confirm nor deny the report. The company said its previously acknowledged discussions with several unidentified potential partners "have not progressed to the point" where either side was prepared to comment.
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