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Sat 03 Mar 2009Smurfit has plantation seized in Venezuela
SMURFIT KAPPA has become embroiled in a sweeping series of asset seizures at the hands of Venezuela’s socialist president Hugo Chavez, who has commandeered without warning a eucalyptus plantation from the packaging firm.
Smurfit Kappa said its management in Venezuela had entered discussions with the authorities in the oil-rich South American state after Mr Chavez declared on national television that his government would clear trees from the El Pinal farm and use the land for crops.
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