How about that! Venezuela actually followed through on an agreement and made a payment! _____
December 13, 2011 5:31 PM EST
CEMEX S.A.B. de C.V. (“CEMEX”) (NYSE: CX) has received payment of US$600 million from the Government of the Bolivarian Republic of Venezuela and its public entity Corporación Socialista del Cemento, S.A. as compensation for the nationalization of CEMEX Venezuela, S.A.C.A. (“CEMEX Venezuela”). In addition, US$154 million of accounts payable by CEMEX subsidiaries to CEMEX Venezuela have been cancelled.
Compensation was paid US$240 million in cash and in various negotiable securities issued by Petróleos de Venezuela, S.A. that during their full term pay an aggregate total of US$360 million. ___
http://www.streetinsider.com/Corporate+News/CEMEX+(CX)+Receives+$600+Million+Compensation+From+Venezuelan+Government/7017600.html