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AMAZONIAN GROUP WINS VENEZUELA'S SIDOR, 1997-12-18 (photo)

IMAGE number
REU7959834
Image title
AMAZONIAN GROUP WINS VENEZUELA'S SIDOR, 1997-12-18 (photo)
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Photographer
Reuters Photographer
Medium
photograph
Date
1997 AD (C20th AD)
Shooting Date
1997-12-18
Image description

Alberto Poletto (C), president of Venezuela's Investment Fund (FIV), the state body in charge of privatization, answers questions after the sale of Venezuelan steel complex Sidor, Latin America's most important steel privatization this year, December 18. He is flanked by the president of state holding company Corporacion Venezolana de Guyana Elias Ynaty (R), and representative of the winning "Amazonian" consortium, Dionisio Garza, President of Hylsamex. The group will pay $1.2 billion for a seventy percent share in the company, the last remaining major state steel company to be privatized in the region. Its purchase gives the buyer strategic access to the Mexican, Caribbean, Andean and U.S. markets. cja/ Photo by Carolina Jimenez. SIDOR PRIVATIZATION

Photo credit
REUTERS/Reuters Photographer / Bridgeman Images
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