Bolivia grabs control of gas firm

The Bolivian government has continued its nationalisation of key industries – taking full control of a key gas pipeline company.

President Evo Morales said Transredes had been seized after the foreign firms which owned half of it failed to agree a share buy-back.

Ashmore Energy International and Royal Dutch Shell, which held stakes, have yet to comment on the move.

Transredes transports Bolivia’s natural gas to clients in Brazil and Argentina.