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The market is starting to see value where it only saw risk for years.
A little over four months ago, the executives of major Spanish stocks with a presence in Venezuela woke up to news they had been waiting for years for, yet deep down, they weren't completely prepared: Nicolás Maduro had been captured by U.S. forces. The game board had shifted. The question since then is whether this pivot is deep enough to turn decades of losses into a real business opportunity.