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Inside Investor

INVESTOR WARNING: Bolivia Nationalizes Airport Management Company

INVESTOR WARNING: Bolivia Nationalizes Airport Management Company

Bottom line: Evo Morales’ expropriation of Servicios de Aeropuertos Bolivianos SA (SABSA)--a subsidiary of the Spanish businesses Abertis and Aena--is another warning for foreign investors in Bolivia. SABSA managed the country’s three largest airports: El Alto in La Paz, Viru-Viru in Santa Cruz, and Wilsterman in Cochabamba. Morales said the Spanish companies had committed to a $26…

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