Venezuela-owned Petrochemical Firm Inches Closer to Privatization Amid Sanctions Tightening - Venezuelanalysis

Venezuela-owned Petrochemical Firm Inches Closer to Privatization Amid Sanctions Tightening - Venezuelanalysis

Mexico City, Mexico, March 10, 2025 (venezuelanalysis.com) – Monómeros has requested permission from Colombia’s Corporation Superintendency to proceed with the sale of assets to Colombian fertilizer company Nitrofert, marking an important step forward in the privatization of the Venezuelan state-owned agrochemical company. The sale of Monómeros by the Venezuelan government is motivated by an effort to head off a likely crackdown by the US Treasu…

10-03-25.-The Venezuelan company Monomers requested formal authorization from the Superintendency of Companies of Colombia to sign an assistance contract with Nitrofert and thus seal the sale of the company. “The shareholder of Monomers Colombo Venezianos S.A has decided the option to sell the company ...