Conindustria President Tito López indicated that 75% of these companies belong to the primary sector, mainly farms and food-producing units.
Venezuela’s industrial sector has identified around 902 companies that were expropriated and came under state administration, and is requesting that these assets be returned to their former owners.
According to Tito López, president of the Venezuelan Confederation of Industrialists (Conindustria), returning these assets could help boost productive activity and ease pressure on public finances.