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CARACAS, Venezuela — Amid deepening shortages of food and household supplies, President Hugo Chavez on Wednesday ordered the takeover of a Venezuelan unit of U.S. agriculture giant Cargill, the latest in a series of takeovers of foreign-owned companies.
In a televised speech, Chavez also threatened to seize control of privately owned Polar, the country’s largest food conglomerate and brewer. The actions come less than three weeks after Chavez won a referendum that will allow him to run for unlimited terms as president.
Minneapolis-based Cargill did not respond to a request for comment.
